Spabo was established in the late 1980s. The group is currently managing assets worth NOK 3.7 billion, and is aiming to further develop and manage its own housing and commercial properties domestically in Norway and abroad.
In 2012, the service spectrum was extended to include Serviced Apartments through The Apartment Company. The company currently manages 180 furnished apartments available for short-term rentals. In May 2020, the group further expanded its service offering with a self-service laundry in Oslo, Clean Kokos.