KLP Eiendom is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 management company owned by Kommunal Landspensjonskasse

Kommunal Landspensjonskasse

Kommunal Landspensjonskasse Gjensidig Forsikringsselksap or KLP is a mutual insurance company responsible for the management of municipal and county pensions and insurance issues. The company has total assets of NOK 280 billion, with 337 municipal and county authorities, 31 health trusts and 2,300...

 (KLP). It manages a portfolio of real estate on behalf of the clients of KLP, municipal

Municipalities of Norway

Norway is divided into 19 administrative regions, called counties , and 430 municipalities...

 and county employees. Most of the investments are located in Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

 and Trondheim

Trondheim

Trondheim , historically, Nidaros and Trondhjem, is a city and municipality in Sør-Trøndelag county, Norway. With a population of 173,486, it is the third most populous municipality and city in the country, although the fourth largest metropolitan area. It is the administrative centre of...

, though there are other localities in Norway too, in addition to some in Denmark

Denmark

Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...

. The total portfolio includes 1,230,000 square meters. Included in the portfolio are a number of Radisson SAS hotels.

Trondheim

The portfolio in Trondheim is organized as a separate company, KLP Eiendom Trondheim AS. It was founded as Trondheim Næringsbygg in 1988 by the city council, but was later privatized

Privatization

Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...

. The portfolio includes 190,000 square meters of mainly offices in 29 buildings. Notable buildings include Technobyen, the police station, the nursing department of Sør-Trøndelag University College

Sør-Trøndelag University College

Sør-Trøndelag University College or HiST is a Norwegian university college located in Trondheim. The school offers higher education within nursing, teaching, economics, food science, engineering and information technology...

and all the municipally run parking houses in town. KLP took over the company in 2001.