Seaborne: Pioneering Innovation in Floating Properties and Marine Solutions

As our cities grow and environmental concerns evolve, the demand for sustainable and versatile housing solutions is expanding rapidly. Seaborne, a Norway-based company with activities spanning Norway, the Netherlands, Singapore, and Malaysia, is positioned at the forefront of these developments. Led by CEO Roar (Sam) Nilsen, Seaborne brings expertise in marine consultancy, marina development, and, notably, the groundbreaking design and manufacturing of floating properties. Seaborne’s unique business model focuses on two core activities:

Seaborne’s Core Activities

Seaborne provides expert market studies for marine, marina, and property sectors. With comprehensive services in feasibility studies, business planning, technology assessment, and financial forecasting, Seaborne aids clients in understanding market demands and the feasibility of potential projects. We also offer investment advice, administrative support, and risk assessment to ensure clients can make informed decisions in an increasingly complex marketplace.

From marinas to floating homes, Seaborne develops properties that merge practicality with environmental consciousness. Our floating properties are designed to meet growing needs in urbanized regions while optimizing marine spaces. In addition to property development, Seaborne offers services in boat manufacturing, supporting both private and commercial markets. Acting as an outsourced partner, Seaborne can oversee the entire manufacturing and post-production service, offering clients a streamlined and reliable solution for our marine development projects.

Through these services, Seaborne leverages innovation and market insights to provide viable, environmentally friendly solutions in marine environments. But perhaps the most exciting of Seaborne’s recent initiatives is our involvement in a new floating property development project near Bergen, Norway.

Leading Norway’s Floating Property Revolution

Seaborne has recently partnered with Flytende Bolig, Norway's top developer of floating properties, to build floating communities in a designated area near Bergen. The district's mayor, Tom Georg Indrevik, from the Høyre (H) party, is working to ease regulations on floating properties in response to rising demand for unique housing solutions that won’t add strain to urban land use.

As Seaborne’s CEO, Roar (Sam) Nilsen, explains, “This project offers a remarkable opportunity to showcase how floating properties can address housing shortages in sustainable ways. Floating homes have the potential to solve problems beyond Norway by offering scalable, flexible housing solutions adaptable to various environments.”

A recent feasibility study conducted by Nilsen found that Norway is experiencing a shortage of student housing, and this issue extends beyond students to the general population as housing demand surges. Nilsen notes, “Our study revealed that while the immediate need is for student housing, the benefits of floating properties reach much further, offering solutions for affordable housing and holiday rentals that can adapt to seasonal demands.”

The shortage of student housing in Norway alone is staggering. According to the Norwegian Student Organization (NSO), there was a shortfall of 12,000 student homes in 2020, with the number of students having grown by 60,000 over the past decade. With government support, easing regulations in designated areas may provide a practical and timely solution to address the housing shortfall.

Design, Production, and Financial Viability

The vision for these floating communities includes modular buildings housing 30 to 200 units per structure. These units will be designed to comply with local regulations, overcoming one of the largest hurdles Flytende Bolig has faced since initiating production in 2013. The ability to manufacture these units overseas and ship them in containers for on-site assembly in Norway is a game-changer. This approach allows for significant cost savings and efficient deployment, which can accelerate development timelines and enhance project scalability.

The financial framework behind these floating properties is equally compelling. Estimated construction costs stand at EUR 75 million, with potential savings of 20-30% through competitive bidding and detailed technical drawings. The Norwegian government also offers robust support for building student accommodations, providing NOK 382,000 per single unit and NOK 764,000 for units that can house two people. These incentives, combined with low operational costs through efficient energy-saving technologies and durable, low-maintenance materials, make the floating properties both affordable and sustainable.

Nilsen elaborates on the potential for income optimization: “We’re looking at flexible rental models. Students could sublet units to tourists during holiday breaks through platforms like Airbnb, or opt for shorter contracts that allow them to return to the same unit the following academic year. These features make the project financially viable for both developers and tenants.”

Evolving Housing and Economic Opportunity

With construction costs optimized and rental revenue projected at NOK 9,500-10,500 per month per student apartment, floating housing could quickly become an integral part of Norway’s housing landscape. In addition, flexible VAT rates—12% for income versus 25% on expenses—are favorable for projects like this and could attract more investment in Norway’s floating property sector.

Seaborne’s involvement in floating property development is not only about providing homes but creating thriving communities and stimulating local economies. “Floating properties don’t just house people,” Nilsen emphasizes. “They create jobs, drive tourism, and attract attention to marine technology and sustainable urban development. The economic potential is immense.”

Looking beyond Norway, the Seaborne team is already in discussions with developers worldwide about replicating this model in markets facing similar housing and environmental pressures. With governments across Europe and Asia increasingly open to innovative housing solutions, Seaborne’s experience with floating properties makes them an attractive partner for cities seeking sustainable growth solutions.

The Future of Seaborne and Floating Properties

As Seaborne looks to the future, the prospects for floating properties are boundless. Not only does Seaborne have the expertise to meet the needs of today’s market, but they are also a leader in creating innovative solutions for the demands of tomorrow. Seaborne’s floating communities provide an adaptable, affordable, and environmentally sustainable alternative to traditional housing, with vast potential to reshape waterfront living across the globe.

As Nilsen puts it, “At Seaborne, we believe that sustainable housing doesn’t have to compromise on quality or affordability. Floating properties are just one example of how we’re meeting today’s challenges with tomorrow’s solutions.”

Seaborne

Pioneering Innovation in Floating Properties and Marine Solutions

As urban populations surge and environmental challenges intensify, the need for sustainable housing solutions is becoming critical. Seaborne, a Norway-based company operating across Norway, the Netherlands, Singapore, and Malaysia, stands at the forefront of this evolution. Under the leadership of CEO Roar (Sam) Nilsen, Seaborne excels in marine consultancy, marina development, and the groundbreaking design and manufacturing of floating properties. Their innovative business model centers on two core activities:

Seaborne’s Core Activities

Consultancy
Seaborne offers expert market studies tailored to the marine, marina, and property sectors. Their comprehensive services include feasibility studies, business planning, technology assessments, and financial forecasting. By guiding clients through the complexities of the marketplace, Seaborne ensures informed decision-making, backed by insights into market demands and project viability.

Development
From marinas to floating homes, Seaborne is dedicated to developing properties that harmonize functionality with environmental responsibility. Their floating properties are designed to meet the growing housing needs of urbanized areas while optimizing marine spaces. Additionally, Seaborne supports boat manufacturing, acting as an outsourced partner that oversees the entire production process, providing clients with a streamlined and reliable marine development solution.

Through these services, Seaborne harnesses innovation and market insights to deliver viable, environmentally friendly solutions tailored to marine environments. One of their most exciting initiatives is the new floating property development project near Bergen, Norway.

Leading Norway’s Floating Property Revolution

In collaboration with Flytende Bolig, Norway's premier floating property developer, Seaborne is set to create floating communities in a designated area near Bergen. Mayor Tom Georg Indrevik of the Høyre (H) party is working to ease regulations on floating properties in response to the increasing demand for unique housing solutions that minimize urban land use.

As Nilsen explains, “This project presents a remarkable opportunity to demonstrate how floating properties can effectively address housing shortages in sustainable ways. Beyond Norway, floating homes offer scalable, flexible housing solutions adaptable to various environments.” A recent feasibility study conducted by Nilsen highlights a significant shortage of student housing in Norway, with demand extending to the general population as housing needs escalate. “Our study revealed that while the immediate need is for student housing, the benefits of floating properties extend further, offering solutions for affordable housing and seasonal rentals,” he adds.

The shortage of student housing in Norway is alarming. According to the Norwegian Student Organization (NSO), there was a shortfall of 12,000 student homes in 2020, coinciding with a 60,000 increase in the student population over the past decade. With government support and relaxed regulations in designated areas, this innovative approach could provide a timely solution to the housing crisis.

Design, Production, and Financial Viability

The vision for these floating communities encompasses modular buildings, each housing between 30 to 200 units. These units will be designed to comply with local regulations, addressing one of Flytende Bolig’s biggest challenges since its inception in 2013. The ability to manufacture these units abroad and ship them in containers for assembly on-site in Norway represents a game-changing approach, offering substantial cost savings and accelerating development timelines.

The financial model for these floating properties is equally compelling. Construction costs are estimated at EUR 75 million, with potential savings of 20-30% achievable through competitive bidding and detailed technical planning. The Norwegian government supports the development of student accommodations, offering NOK 382,000 for each single unit and NOK 764,000 for units accommodating two people. Coupled with low operational costs through energy-efficient technologies and durable, low-maintenance materials, floating properties emerge as both affordable and sustainable.

Nilsen further elaborates on the income potential: “We are exploring flexible rental models where students can sublet their units to tourists during holiday breaks via platforms like Airbnb or choose shorter contracts, allowing them to return to the same unit each academic year. These features enhance the financial viability for both developers and tenants.”

Evolving Housing and Economic Opportunity

With optimized construction costs and projected rental revenue between NOK 9,500-10,500 per month for student apartments, floating housing could swiftly become an integral component of Norway’s housing landscape. Favorable VAT rates—12% on income versus 25% on expenses—add to the appeal, potentially attracting further investment into Norway’s floating property sector.

Seaborne’s engagement in floating property development is not merely about housing; it’s about cultivating thriving communities and boosting local economies. “Floating properties do more than provide shelter,” Nilsen emphasizes. “They generate jobs, stimulate tourism, and elevate awareness of marine technology and sustainable urban development. The economic possibilities are vast.”

Looking beyond Norway, the Seaborne team is actively engaging with developers worldwide to replicate this model in markets facing similar housing and environmental challenges. With governments across Europe and Asia increasingly receptive to innovative housing solutions, Seaborne’s expertise positions them as a vital partner for cities seeking sustainable growth.

The Future of Seaborne and Floating Properties

As Seaborne gazes into the future, the possibilities for floating properties are limitless. The company not only possesses the expertise to meet the current market demands but also leads in crafting innovative solutions for tomorrow's challenges. Seaborne’s floating communities offer adaptable, affordable, and environmentally sustainable alternatives to traditional housing, poised to reshape waterfront living on a global scale.

“As we at Seaborne envision, sustainable housing doesn’t have to compromise on quality or affordability. Floating properties are a testament to our commitment to addressing today’s challenges with tomorrow’s solutions,” Nilsen concludes.

Contact Roar Nilsen click here

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