AB Properties AS

AB Properties AS, operating under the Magic Norway umbrella, is a prominent family-owned property company deeply rooted in Bergen, Norway. Founded by Tom Rune Pedersen and now led by his daughters, Benedicte and Irmelin Pedersen, the group boasts an extensive portfolio of approximately 250,000 sqm. This includes active ownership and management of diverse assets such as modern shopping centers like Xhibition and Kløverhuset, four vibrant Magic Hotels, and a wide array of popular restaurants and nightlife venues across Bergen. With a strong commitment to urban development, AB Properties AS plays a crucial role in enhancing Bergen's appeal as a destination for both locals and tourists, continually investing in projects that create jobs and foster community growth within the city center. Their vision extends to providing comprehensive experiences, from retail and hospitality to culture and wellness, making them a cornerstone of Bergen's dynamic urban landscape.