Olav Thon

#3742

Rank

$3.34B

Marketcap

Norway

Country

Leadership team

Mr. Ole-Christian Hallerud (Acting CEO)

Mr. Dag Tangevald-Jensen (MD, CEO & Director (Leave of Absence))

Mr. Arne B. Sperre (Exec. VP of Fin.)

Products/ Services

Property Management, Real Estate, Real Estate Investment

Headquarters

Oslo, Oslo, Norway

Established

1982

Net Income

500M - 1B

Revenue

100M - 500M

Traded as

OLT.OL

URL

https://www.olt.no

Overview

Location

Recognition and Award

References

Summary

Olav Thon Eiendomsselskap ASA engages in the property rental business in Norway and Sweden. The company is also involved in the property development and management business. As of December 31, 2021, it had 60 shopping centers, as well as managed 16 centers for external owners. The company was founded in 1982 and is based in Oslo, Norway. Olav Thon Eiendomsselskap ASA is s a subsidiary of Olav Thon Group.

History

Olav Thon Gruppen was founded by Olav Thon in 1965. He began his business as a real estate developer and investor in Oslo, Norway. The company has grown since and has expanded to a diversified portfolio of real estate. This includes retail and office properties, hotels and resorts, and residential properties. Olav Thon Gruppen also has investments in data centers and other alternative investments.

Mission

To serve all of our customers, tenants, and business partners in an effective and efficient manner, while contributing to the sustainable transformation of the Norwegian property sector.

Vision

Our vision is to create a successful and diverse real estate portfolio that is well positioned for growth in the local and global markets.

Key Team

Jørgen Sollie (Head of Devel.)

Recognition and Awards

Olav Thon Gruppen has won several prestigious awards over the years. This includes being named the Real Estate Developer of the Year in both 2011 and 2016 by the Norwegian Real Estate Federation. Additionally, the company has been awarded with the IKEA Green Award for its sustainability initiatives in 2020.