KMC PROPERTIES ASA
KMC Properties ASA is a Norwegian public limited company (allmennaksjeselskap) registered with the Brønnøysund Register Centre (Brønnøysundregisteret) under organisation number 990 727 007, entered in the register on 15 January 2007 with an incorporation date of 2 January 2007. The company’s registry status is currently Active. Following a corporate reorganisation completed in 2026 and described below, Brønnøysundregisteret now records the current legal name for this organisation number as BEVEST ASA; this profile is built around the company’s registered identity as KMC Properties ASA and treats the subsequent name change as a material recent development.
Before its 2026 reorganisation, KMC Properties ASA’s principal business was owning and developing industrial and logistics real estate, concentrated in the light-industry and warehouse segment, with properties mainly in the Nordic countries and the Netherlands. Its shares traded on Euronext Oslo Børs under the ticker KMCP (ISIN NO0010360175).
On 8 January 2026, KMC Properties ASA and BEWI Invest AS, a privately held Norwegian investment holding company, announced a signed merger plan under which BEWI Invest AS would merge into KMC Properties ASA, with KMC Properties ASA continuing as the surviving legal entity. Norway’s Financial Supervisory Authority (Finanstilsynet) treated the transaction as an internal restructuring and granted an exemption from the mandatory offer requirement that would otherwise apply on a change of control. The merger completed on 24 April 2026, at which point KMC Properties ASA assumed BEWI Invest AS’s assets, rights and obligations, including debtor responsibility for the BINT01 and BINT02 PRO bond issues listed on Euronext Oslo Børs and Euronext Nordic ABM. The combined entity relisted on Euronext Oslo Børs on 27 April 2026 under a new ticker, BINT, and ISIN NO0013711721. At a digital annual general meeting on 4 June 2026, shareholders approved changing the company’s name to BEVEST ASA, the name now shown on Brønnøysundregisteret for organisation number 990 727 007.
As a result of absorbing BEWI Invest AS, the company’s principal activity is now that of an investment holding company rather than a direct real estate operator; its holdings include a reported stake of approximately 51.09% in BEWI ASA, the Oslo Børs-listed packaging, insulation and automotive-components group, along with other investment interests. For the second quarter of 2026, the combined group reported consolidated net sales of NOK 2,701.5 million and consolidated EBITDA of NOK 367.8 million, driven principally by BEWI ASA’s operating performance and by a seafood-sector investment; these are consolidated group figures for the wider structure rather than results reported for KMC Properties ASA on a standalone legal-entity basis.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of KMC Properties ASA
The structured shareholder data on file for KMC Properties ASA is drawn from Norway’s Aksjonærregisteret (Shareholder Register) and carries a verification date of 2 August 2026. It lists five individually named holders plus one aggregated “Øvrige Aksjonærer” (Other Shareholders) line, six holdings in total: BEWI INVEST AS at 36.24%, Flugfiskaren AB at 17.42%, M2 Asset Management AB at 10.23%, HAAS AS at 8.67%, and the aggregated remaining holders at 27.44%. All four named holders are recorded as direct corporate shareholdings; no share class is distinguished in the extract, and no percentage is missing from the individual lines shown.
Based on its dating and Norway’s annual Aksjonærregisteret filing cycle, this extract most likely reflects the shareholder register as filed for a prior tax year, meaning it predates the 24 April 2026 statutory merger of BEWI Invest AS into KMC Properties ASA and the 4 June 2026 shareholder vote renaming the combined entity BEVEST ASA. BEWI Invest AS, shown here holding 36.24% directly, ceased to exist as a separate legal entity once the merger completed, so this figure should not be read as describing the company’s current capital structure. Company and exchange disclosures relating to the 2026 merger instead identify Bekken Invest AS as holding effective control of the combined, renamed entity, with a reported direct holding of approximately 52.80% following the issue of new shares to former BEWI Invest AS shareholders as merger consideration.
Ultimate beneficial ownership
No shareholder line in the on-file extract carries a UBO or PSC flag. Merger-related disclosures identify Bekken Invest AS as the controlling shareholder of the renamed, post-merger entity, with a reported direct holding of approximately 52.80%, but Bekken Invest AS is itself a corporate holding vehicle, and no natural-person UBO information for Bekken Invest AS was independently verified in the sources reviewed for this profile.
Data availability
Shareholder disclosure for this company is best described as Historical for the specific percentages in the on-file Aksjonærregisteret extract, which pre-dates the 2026 merger and rename, and Major shareholders only for the current position, since only the controlling shareholder’s percentage has been located in verified post-merger sources; a complete, currently dated shareholder table was not found in the sources reviewed for this profile.
Sources
- Brønnøysundregisteret / Enhetsregisteret, data.brreg.no, organisation number 990727007, retrieved 14 September 2026
- Euronext Oslo Børs company news, “KMC Properties ASA — contemplated merger with BEWI Invest AS,” 2 October 2025, live.euronext.com
- Euronext Oslo Børs company news, “KMC Properties ASA — update on the merger with BEWI Invest AS,” 6 March 2026, live.euronext.com
- Company announcement reporting, “BEWI Invest’s merger with KMC Properties reshapes holding structure without changing control of BEWI ASA,” retrieved 14 September 2026
- Zavia internal shareholder register extract (Aksjonærregisteret-sourced), verified 2 August 2026
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| BEWI INVEST AS | 36.2% | ||
| Øvrige Aksjonærer | 27.4% | ||
| Flugfiskaren AB | 17.4% | ||
| M2 Asset Management AB | 10.2% | ||
| HAAS AS | 8.7% |
Officers
33
Directors and officers of KMC Properties ASA
Brønnøysundregisteret’s role register for organisation number 990727007 currently shows a six-member board and a separately registered chief executive. Gunnar Syvertsen holds the role of styrets leder (chair of the board); the other five registered board members (styremedlem) are Karl-Erik Bekken, Lisa Lockert Bekken, Marianne Bekken, Ingrid Kristine Høstmælingen and Bent Richard Eidem, in a board listing last updated 8 June 2026, shortly after the 4 June 2026 annual general meeting that approved renaming the company BEVEST ASA. Bjørnar Andre Ulstein is registered as daglig leder (chief executive officer), a role listing last updated 28 April 2026, days after the merger with BEWI Invest AS completed. PricewaterhouseCoopers AS is recorded as the company’s approved audit firm (revisor).
The structured officer data separately on file for this profile, drawn from an earlier commercial-register extract last synced 11 August 2026, does not fully match this current Brønnøysundregisteret position. It records Marianne Bekken as resigned, while Brønnøysundregisteret’s more recently updated board listing shows her as an active board member; it also shows KPMG Accounting AS in an active director-type role and BDO AS as a resigned accountant role, neither of which appears in Brønnøysundregisteret’s current role list, which instead names only PricewaterhouseCoopers AS as auditor. This discrepancy is flagged as a data-quality issue between the on-file extract and the government registry rather than resolved definitively here.
Recent officer changes
- Appointment: Bjørnar Andre Ulstein registered as chief executive officer, role listing updated 28 April 2026, following completion of the merger with BEWI Invest AS (source: Brønnøysundregisteret).
- Board update: the board role listing was updated 8 June 2026, consistent with board changes following the 4 June 2026 annual general meeting that approved the company’s rename to BEVEST ASA (source: Brønnøysundregisteret).
Data availability
Brønnøysundregisteret publishes current role holders’ names, years and months of birth, and role-update dates, but does not publish nationality; nationality for every individual named here is Not disclosed. Country of residence is likewise not published in this register. Individual appointment or resignation dates for specific board members were not separately available in the sources reviewed, so the account above relies on role-list update dates rather than individual effective dates, and should be read with that limitation in mind.
Sources
- Brønnøysundregisteret / Enhetsregisteret roller, data.brreg.no, organisation number 990727007, retrieved 14 September 2026
- Company news reporting a chief executive appointment for KMC Properties ASA, retrieved 14 September 2026
- Zavia internal officer register extract, last synced 11 August 2026
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
Group structure of KMC Properties ASA
KMC Properties ASA is part of a verified corporate group rather than an independent company. Company and exchange disclosures relating to the company’s 2026 merger with BEWI Invest AS identify Bekken Invest AS as holding effective control of the combined, renamed entity (BEVEST ASA), with a reported direct holding of approximately 52.80%; on that basis Bekken Invest AS is treated here as the identifiable immediate and, on current evidence, ultimate parent.
Through the assets absorbed from BEWI Invest AS in the 24 April 2026 merger, the company itself is reported to hold a stake of approximately 51.09% in BEWI ASA, an Oslo Børs-listed group with packaging, insulation and automotive-components operations across multiple European countries; this is treated here as a verified controlling relationship rather than a minority investment, on the basis of the percentage reported in company and exchange disclosures, though the underlying ownership-chain filing was not independently retrieved for this profile and the figure should be read as reported rather than independently recalculated. On-file corporate-linkage data additionally shows a wide network of indirect subsidiaries beneath BEWI ASA across Norway, Sweden, Denmark, Finland, the Netherlands, Germany, Poland, Czechia, Austria, Lithuania, Spain, Portugal, the United Kingdom, Canada and the United States; these reflect BEWI ASA’s own group structure and are not entities held directly by KMC Properties ASA.
No property-holding subsidiary from the company’s earlier identity as a Nordic and Dutch industrial-property investor was found, in the sources reviewed, to be currently designated as such in the merged entity’s own reporting, so this profile does not list specific former real estate subsidiaries that could not be verified against a primary source.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Bekken Invest AS | Norway | NO 823791712 | Ultimate/immediate parent (reported) | Approximately 52.80% (reported, direct) | Active | 2026 merger disclosures |
| BEWI ASA | Norway | NO 925437948 | Controlled entity (reported) | Approximately 51.09% (reported) | Active | 2026 merger disclosures |
Recent structural changes
- Statutory merger: BEWI Invest AS merged into KMC Properties ASA, with KMC Properties ASA as the surviving legal entity, completed 24 April 2026.
- Corporate rename: shareholders approved renaming the surviving entity BEVEST ASA at the digital annual general meeting of 4 June 2026.
- Relisting: the combined entity relisted on Euronext Oslo Børs on 27 April 2026 under new ticker BINT and ISIN NO0013711721, having previously traded as KMCP under ISIN NO0010360175.
Data availability
Corporate-linkage information for this company is Partial: the immediate/ultimate parent and one major downstream holding (BEWI ASA) are reported in merger-related regulatory disclosures, but a complete, currently dated ownership chain with a primary-source percentage for every relationship was not located in the sources reviewed; the percentages shown above are labelled as reported rather than independently recalculated.
Sources
- Brønnøysundregisteret / Enhetsregisteret, data.brreg.no, organisation numbers 990727007, 823791712 and 925437948, retrieved 14 September 2026
- Euronext Oslo Børs company news, “KMC Properties ASA — contemplated merger with BEWI Invest AS,” 2 October 2025
- Euronext Oslo Børs company news, “KMC Properties ASA — update on the merger with BEWI Invest AS,” 6 March 2026
- Euronext Oslo Børs company news, “KMC Properties ASA — approval and publication of prospectus,” 31 March 2026
- Company announcement reporting, “BEWI Invest’s merger with KMC Properties reshapes holding structure without changing control of BEWI ASA,” retrieved 14 September 2026
- Company announcement reporting, “KMC Properties completes merger and assumes BEWI Invest bond obligations,” retrieved 14 September 2026
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Bekken Invest AS
Norway
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Frequently Asked Questions
Is KMC Properties ASA still called KMC Properties ASA?
No. Brønnøysundregisteret now records the current legal name for organisation number 990727007 as BEVEST ASA, following a shareholder vote at the digital annual general meeting on 4 June 2026. KMC Properties ASA is the company's former registered name.
What is KMC Properties ASA's organisation number and when was it registered?
The organisation number is 990 727 007, entered in Brønnøysundregisteret on 15 January 2007 with an incorporation date of 2 January 2007. The registry status is currently Active.
What did KMC Properties ASA do before its 2026 reorganisation?
KMC Properties ASA owned and developed industrial and logistics real estate in the light-industry and warehouse segment, with properties mainly in the Nordic countries and the Netherlands.
What happened in the 2026 merger between KMC Properties ASA and BEWI Invest AS?
BEWI Invest AS, a privately held Norwegian investment holding company, merged into KMC Properties ASA under a merger plan signed 8 January 2026. KMC Properties ASA survived as the continuing legal entity, completing the merger on 24 April 2026 and assuming BEWI Invest AS's assets, rights and obligations, including its bond obligations.
Why was the merger not treated as a change of control requiring a mandatory offer?
Norway's Financial Supervisory Authority (Finanstilsynet) classified the transaction as an internal restructuring rather than a change-of-control event and granted an exemption from the mandatory offer requirement that would otherwise apply.
Where is the company now listed, and under what ticker?
The combined entity relisted on Euronext Oslo Børs on 27 April 2026 under the ticker BINT and ISIN NO0013711721. It had previously traded as KMCP under ISIN NO0010360175.
Who controls the company following the merger and rename?
Company and exchange disclosures relating to the 2026 merger identify Bekken Invest AS as holding effective control of the renamed entity (BEVEST ASA), with a reported direct holding of approximately 52.80%.
Does the company hold a stake in BEWI ASA?
Yes. Through the assets absorbed from BEWI Invest AS in the merger, the company is reported to hold a stake of approximately 51.09% in BEWI ASA, the Oslo Børs-listed packaging, insulation and automotive-components group.
Who is the current chief executive of the company (organisation number 990727007)?
Brønnøysundregisteret lists Bjørnar Andre Ulstein as daglig leder (chief executive officer), in a role listing last updated 28 April 2026.
Who chairs the board of the company (organisation number 990727007)?
Brønnøysundregisteret lists Gunnar Syvertsen as styrets leder (chair of the board), in a board listing last updated 8 June 2026, alongside board members Karl-Erik Bekken, Lisa Lockert Bekken, Marianne Bekken, Ingrid Kristine Høstmælingen and Bent Richard Eidem.
What were the reported financial results for the second quarter of 2026?
The combined group reported consolidated net sales of NOK 2,701.5 million and consolidated EBITDA of NOK 367.8 million for Q2 2026, driven principally by BEWI ASA's operating performance and by a seafood-sector investment. These are consolidated group figures, not standalone legal-entity results.
Is the on-file shareholder data for KMC Properties ASA current?
No. The on-file Aksjonærregisteret extract, verified 2 August 2026, most likely reflects a prior tax year's filing and predates the April 2026 merger and June 2026 rename. It still shows BEWI Invest AS as a 36.24% shareholder, even though BEWI Invest AS ceased to exist as a separate legal entity once the merger completed.
What is the registered address of the company (organisation number 990727007)?
Brønnøysundregisteret lists the company's postal address as Sjøgangen 5, 7010 Trondheim, and its business address as Hammarvikringen 64, 7263 Hamarvik, Frøya, Norway.
Does the company have a parent company?
Company and exchange disclosures relating to the 2026 merger identify Bekken Invest AS as the entity with effective control, holding approximately 52.80% of the combined, renamed entity; this profile treats Bekken Invest AS as the identifiable immediate and ultimate parent on that basis.