DOCSLIB.ORG

Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2017 ANNUAL REPORT OLAV THON GROUP 2017 ANNUAL REPORT Contents 04 Olav Thon Group 2017 Group structure 07 Key figures 08 The Olav Thon Foundation The Olav Thon Foundation 10 This is Olav Thon Group 12 Thon Eiendom 100% 28 Thon Hotels 32 Financial matters Olav Thon Gruppen AS 34 Other operations 100% 72% Olav Thon Thon Holding AS Eiendomsselskap ASA 100% 100% 100% Thon Eiendomsdrift Thon Hotels AS Amfi Eiendom AS AS Executive management team OLAV THON OLE-CHRISTIAN DAG TANGEVALD-JENSEN MORTEN THORVALDSEN ARNE B. SPERRE CEO/President HALLERUD Executive Vice President Executive Vice President and Executive Vice President Deputy CEO/Executive Vice and CEO OTE ASA CEO Thon Hotels Finance President Property 2 3 OLAV THON GROUP OLAV THON GROUP Olav Thon Group 2017 GEOGRAPHICAL SCOPE SHOPPING CENTRES AND 1,010 HOTELS 80 flats hotels In 2017, 171 flats were completed for sale in Lillestrøm and a total of 839 flats were Central/Northern Norway Book equity increased to NOK 16.2 At the end of the year, under construction in Oslo and Akers- billion, while the equity ratio was 30%. Thon Hotels had 11,338 hus. Thon Eiendom's rental portfolio of 35 · 19 The net asset value is considered to be rooms in 80 hotels. around 1,450 flats makes it one of the significantly higher. NET INVESTMENTS largest rental players in Oslo. TOTALLED NOK Sweden 2.9 BILLION 11 · 0 AT THE END OF AROUND 5,500 Western Norway THE YEAR, CASH TENANTS IN OUR 25 · 19 Southern/ RESERVES WERE SHOPPING CEN- Eastern Norway NOK 12.3 BILLION Thon Eiendom is Norway's lead- TRES IN NORWAY 38 · 34 ing property company and had 98 shopping centres and around 500 commercial properties in its NINE OF THE TEN portfolio at the end of 2017. 2.3 LARGEST + % Shopping Hotels The Group's property portfolio 1.5 Brussels/Rotterdam billion centres The Group either owns or manages saw annual rental income increase Retail sales for the shopping cen- nine of the ten largest shopping by 3.3% to around NOK 5.5 billion, Profit before tax amounted tre portfolio owned by the Group in 109 80 · 8 centres in Norway. while the vacancy rate was 2.5%. to NOK 2.3 billion. Norway increased by 1.5% to NOK 67 billion. SHOPPING CENTRES COMMERCIAL PROPERTIES RESIDENTIAL PROPERTIES 4 5 Thon Hotel Alta OLAV THON GROUP OLAV THON GROUP KEY FIGURES Figures in NOK millions 2017 2016 2015 PROFIT Operating income 10,935 10,172 9,383 Operating profit 3,213 2,775 2,668 Net interest expenses 1,003 1,031 1,011 Profit before tax 2,314 1,668 1,667 FINANCIAL STRENGTH Book equity 16,173 14,557 13,382 Equity ratio 30% 28% 29% Total assets 54,713 52,054 46,764 LIQUIDITY Net cash flow from operations1) 3,037 2,606 1,998 Cash reserves 2) 12,284 7,173 6,892 Amortisation next 12 months 10,682 6,928 3,872 Net interest-bearing debt/Net cash flow from operations 10.4 11.3 13.5 Interest coverage ratio 3) 4.1 3.5 3.3 FINANCING Interest-bearing debt 32,817 32,163 28,616 Share of foreign currency loans 22% 23% 21% Average duration debt (years) 2.6 2.7 3.1 Interest rate at 31 Dec 3.00% 3.29% 3.63% Interest rate hedging (> 1 year) 56% 52% 60% PROPERTY Net investments 2,892 7,294 4,406 Annual rental income 4) 5,500 5,275 4,900 Vacancy rate 2.7% 2.9% 2.5% Book value of property portfolio 48,720 46,684 42,177 Shopping centre sales 5) 80,179 79,190 74,047 HOTELS 6) Hotel rooms 11,338 11,610 11,482 RevPAR (revenue per available room) 516 477 476 Room rates 891 837 835 Occupancy rate 58% 57% 57% 1) Net cash flow from operating activities – Change in working capital 2) Bank deposits etc. + Undrawn borrowing facilities 3) (Operating profit + Depreciation/write-downs) / Net interest expenses 4) Includes market rents for vacant premises 5) Owned and/or managed shopping centres 6) Thon Hotels 6 7 OLAV THON GROUP OLAV THON GROUP The Olav Thon Foundation The Olav Thon Foundation was established in December 2013. All of the shares in Olav Thon Gruppen AS were transferred from Olav Thon to the foundation upon its establishment. The foundation's purpose is to own and operate Olav Thon Group's business activities. The foun- dation can also make donations to non-profit causes. Olav Thon's goal throughout his entire career has been to create value and establish secure jobs. Olav Thon, personally, and Olav Thon Group have increasingly become active contributors to changing society for the better. LONG-TERM OWNERSHIP OF OLAV THON GROUP The job of the foundation's board is, through its management of Olav Thon The Olav Thon Foundation Group, to ensure that the Group develops in line with the values, vision and awarded its first research prizes and research funding ideas on which Olav Thon has based his business career. on 5 March 2015 and will do so at the same time each year. The awards were The foundation will continue to own all of the shares in Olav Thon Gruppen presented in a ceremony in AS, which will remain domiciled in Norway. The Group's largest business the University of Oslo's great hall, which was followed area will be property management and acquisition. A substantial part of its by a banquet in honour of operations will take place in Norway. The aim is to grow the business. Priority the winners at Hotel Bristol. will be given to ensuring that the Group is in an unconditionally strong Other donations to causes are made on a more informal financial position at all times. basis by the foundation over the course of the year. SUPPORT FOR NON-PROFIT CAUSES The foundation can provide support within the fields of mathematics/ science and medicine. This may be provided both by awarding prizes to Norwegian and international researchers and through direct support to research projects. Support may also be provided both for general non-profit causes and for the construction of properties for use for non-profit purposes in Norway. In addition to this, support may be provided to promote outstanding entrepreneurship in Norway. 8 9 OLAV THON GROUP Olav Thon Group Olav Thon Group is owned by the Olav Thon Foundation and is primarily involved in the property and hotel business. Thon Hotel Alta In 2017, Olav Thon Group's operating income amounted with a total of around 9,800 rooms. Abroad, Thon Hotels to around NOK 11 billion and it employed around 3,160 has around 1,581 rooms in five hotels and two apartment FTEs. The Group consist of two divisions: Thon Eiendom hotels in Brussels, Belgium and one in Rotterdam, the and Thon Hotels. Netherlands. Thon Hotels is the dominant player in the metropolitan regions of Oslo and Bergen. THON EIENDOM Thon Eiendom is Norway's leading property company In addition to Thon Hotels' food and beverage services, and had 109 shopping centres and around 500 Olav Thon Group operates a number of separate bars commercial properties in its portfolio at the end of and pubs under the Resthon name. These include 2017. Thon Eiendom includes the listed company, Olav places such as Scotsman and Tostrup Uteservering in Thon Eiendomsselskap ASA. Annual rental income level Oslo. amounted to NOK 5.45 billion at 1 January 2018. Retail Olav Thon Group consists of the Thon Hotels and Thon Eiendom divisions. properties account for the largest segment of the OTHER OPERATIONS Thon Eiendom is a market leader within property and is involved in residential property portfolio at 67% of annual rental income. Other operations encompass all of the companies that properties, commercial properties and shopping centres. At the end of the fall outside the property and hotels business areas. The year, the shopping centre portfolio consisted of a total of 109 centres, of Thon Eiendom's shopping centre portfolio consists of: largest unit is the industrial company Unger Fabrikker in which 31 are managed for external owners. 11 of the shopping centres are Norway: Fredrikstad. located in Sweden. Olav Thon Group also includes other operations, the Total 98 largest of which is the industrial company Unger Fabrikker in Fredrikstad. Wholly/partly owned 68 THE OLAV THON FOUNDATION Managed 30 The Olav Thon Foundation was established in December 2013. Upon its formation Olav Thon transferred all of the Sweden: shares in Olav Thon Gruppen AS to the foundation. Total 11 Wholly/partly owned 10 The purpose of the foundation is to exercise stable, Managed 1 500 long-term ownership of Olav Thon Group and its subsidiaries. The foundation can also distribute funds to Thon Eiendom is a market leader within THON HOTELS property with around 500 commercial Thon Hotels is one of Norway's leading hotel chains. non-profit causes. 109 SHOPPING CENTRES AT properties and 109 shopping centres At the start of 2018, the chain had 72 hotels in Norway THE END OF THE YEAR 10 11 OLAV THON GROUP OLAV THON GROUP TOTAL RENTAL INCOME LEVEL (NOK MILLIONS) Thon Eiendom 6.000 5.000 Olav Thon Group started its commercial operations with a single investment in Karl Johans Gate in 1950. The city block 4.000 Karl Johans Gate 5-7 is today the site of a shopping centre, 3.000 Arkaden, and a modern office building. 2.000 1.000 Storotunet, Oslo 0 2014 2015 2015 2017 2018 HandelRetail KontorOffices HotellHotels DiverseMiscellaneous The properties in Olav Thon Group are managed by the property TOTAL RENTAL INCOME BY SEGMENT division, Thon Eiendom, and consist of residential properties, 8 % shopping centres and commercial properties.
Load more

Recommended publications
  • Annual Report 2008/09 Contents
    Annual Report 2008/09 Contents THE YEAR IN BRIEF 1 cEo’s STATEMENT 2 STRATEGIC ORIENTATION 4 MARKET OVERVIEW 8 OPERATIONS 12 The brand and our marketing 12 Sales channels 16 Purchasing and product range 20 Own brands 21 Logistics, IT and security 22 Risks and factors of uncertainty 24 SHARES AND SHAREHOLDERS 28 SUSTAINABLE DEVELOPMENT 34 Key steps for sustainable operations 34 Our employees and the Clas Olson spirit 36 Our social responsibility and human rights efforts 40 Our responsibility for the environment 44 Clas ohlson’s GRI profile 48 ANNUAL REPORT Directors’ report 50 Five-year summary 54 Comments on the five-year trend 55 Consolidated income statement and cash-flow statement 56 Consolidated balance sheet and change in equity 57 Parent Company income statement and cash-flow statement 58 Consolidated balance sheet and change in equity 59 Accounting policies and notes 60 Certification of the annual accounts 72 Audit report 73 Clas Ohlson in brief Clas Ohlson is a retailing company with sales in Sweden, Norway, Finland and the UK. At the end of CORPORATE GOVERNANCE 74 the financial year, there were 106 stores in addition Internal control 76 to our mail order/Internet service. We offer a broad BOARD OF DIRECTORS 78 range of products in the areas of electrical and SENIOR MANAGEMENT 79 electronics, mobile phones, computer accessories, QUARTERLY RESULTS 80 hifi/stereo, tools, household, home and storage. We DEFINITIONS 80 have 15,000 different products in our range. The company is listed on the Nordic Exchange. The ADDRESSES 81 head office and distribution centre are located in Insjön in Sweden.
    [Show full text]
  • Report Q1 2018 Key Figures
    REPORT Q1 2018 KEY FIGURES Amounts in NOK million 31.03.18 31.03.17 31.12.17 Net rental income 627 608 2 460 Fair value adjustments in investment properties and interest rate derivatives 1) 381 612 2 438 Profit before taxes 848 1 023 4 193 Profit before tax and fair value adjustments 1) 467 411 1 755 Equity per share (NOK) 235 204 228 Equity ratio 45 % 42 % 44 % Non-current net asset value per share (NOK) 2) 284 251 276 Net cash flow from operations 407 365 1 634 Cash reserves 3) 8 077 6 113 8 137 Amortisation next 12 months 7 276 5 974 7 578 Interest-bearing debt 4) 21 295 21 249 21 713 Interest rate as at 31.03 / 31.12 3,00 % 3,22 % 2,98 % Loan to value ratio 5) 41 % 43 % 42 % Net investments 6) 413 443 1 875 Investment properties 51 552 48 473 51 435 Annual rental income 7) 2 925 2 875 2 910 Yield 5,18 % 5,28 % 5,17 % Sales, owned shopping centres 11 084 10 812 50 768 Sales, managed shopping centres 2 828 2 701 13 273 Share price as at 31.03 / 31.12 (NOK) 142,4 161,0 163,0 Please note that as a result of rounding differences and reclassifications, figures and percentages will not always match the total sum. 1) Including value adjustments in joint ventures and associated companies 2) (Majority share of equity + deferred tax liabilities - fair value of debt (deferred tax 7%)) / Number of shares 3) Bank deposits etc.
    [Show full text]
  • Sandvika Storsenter Er Norges Største Kjøpesenter Målt I Omsetning
    SANDVIKA STORSENTER ER NORGES STØRSTE KJØPESENTER MÅLT I OMSETNING SANDVIKA STORSENTER 2017 SANDVIKA STORSENTER SANDVIKA STORSENTER HAR 194 OM SENTERET BUTIKKER OG SPISESTEDER BELIGGENHET Sandvika Storsenter ligger sentralt i Sandvika i Bærum kommune, lett tilgjengelig fra E18, E16, tog- og busstasjon. MARKED/KUNDEGRUNNLAG Senterets primærmarked er Asker, Bærum og Oslo Vest (Vestre Aker, Ullern og Frog- ner) med tilsammen 319.000 innbyggere. Senterets sekundærmarked er resten av Oslo (529.000 innbyggere) og Buskerud (195.000 innbyggere). BESØKSTALL 2016 ANTALL LEIETAKERE AREAL PARKERINGSPLASSER 6 MILL 211 58.230 m2 2.500 SANDVIKA STORSENTER VISJON SANDVIKA STORSENTER SKAL VÆRE FØRSTEVALGET FOR KUNDER OG LEIETAKERE. SANDVIKA STORSENTER BUTIKKMIKS Sandvika Storsenter har god, bred butikkmiks både av kjedebutikker og nisjebutikker, og god dybde innenfor de ulike bransjene. Senteret er størst på mote, sport, elektronikk, interiør, barn og helse/velvære, og har hele 212 leietakere (inkludert helserelaterte tilbud). Det jobbes med å stadig utvikle senteret med nye butikkonsepter/merkevarer som ikke finnes på sentrene lokalt eller i regionene rundt Asker og Bærum. Spesielt viktig er det å fornye senteret med konsepter fra utlandet som ikke er representert i landet for øvrig. STØRSTE LEIETAKERE SANDVIKA STORSENTER PLANTEGNING SmoothieXchange (ny del) 31 littSNOB 190 151-215 SmoothieXchange (gml. del) 134 Mango 153 Starbucks 197 Marianne’s 201 Stockfl eth’s 196 Marinka 199 Tika Tika 62 Nadine 155 VELKOMMEN TIL Gammel del Kiosk og dagligvare Next
    [Show full text]
  • Forsvarets Langtidsplan Side 10 OR/OF - Overgangsordninger Side 20 Sannheten Om HR-Huset
    Forsvarets langtidsplan side 10 OR/OF - overgangsordninger side 20 Sannheten om HR-huset Befalsbladet – Norges Offisersforbund www.nof.no Nr. 4 - 2016 side 26 FRA NOF TIL LO STAT Side 8 TEMATITTEL FjAllrAvens dunløfte Etisk produsert dun av høyeste kvalitet SINGI DOWN JACKET W SPORBARE MINNER OG FJÆR Hver ær i Singi Down Jacket kan spores tilbake til etiske produksjonsmetoder. Dette er Fjällrävens dunløfte, fra oss til deg – for gåsens velvære. Ingenting isolerer like bra som naturlig dun, og ved å respektere naturens fantastiske ressurser, kan vi stole på at de fortsetter å gi beskyttelse utendørs. Det er egentlig grunnleggende karma. Uten naturen er vi ingenting – www. allraven.no 2 l NOF 4/2016 TEMATITTEL FjAllrAvens dunløfte FØRJULSTILBUDFØRJULSTILBUDFØRJULSTILBUD PÅ PÅ PÅ Etisk produsert dun av høyeste kvalitet FØRJULSTILBUD PÅ FØRJULSTILBUDVOLVOVOLVO XC60 XC60 VOLVOPÅ XC60 EnEn ny nybilFØRJULSTILBUD bilinnebærer innebærer mange EnmangeVOLVO ny spennendebil spennende innebærer valgXC60 valgmange ogPÅ og ofte spennendeofte valg og ofte vanskeligevanskelige prioriteringer. prioriteringer.vanskeligeVOLVO Med Med Volvo Volvoprioriteringer. XC60 XC60 Limited Limited Med Volvo XC60 Limited EditionEnEdition ny trenger bil trenger innebærer du du ikke ikke Editionmange å bekymre VOLVOå bekymre trengerspennende deg. deg. du Denne ikke valgDenneXC60 å ogharbekymre harofte alt! alt! deg. Denne har alt! vanskeligeVi Vihar har prioriteringer.fylt fylt bilen bilen med med MedutstyrVi utstyr harVolvo for fylt for at XC60 bilenatdu du skal medLimitedskal få utstyrfåen en for at du skal få en En ny bil innebærer mange spennende valg og ofte Editionoverlegenoverlegen trenger komfort du komfort ikke og å og bekymreoverlegenkjøreopplevelse, kjøreopplevelse, deg. komfort Denne uten og uten harkjøreopplevelse,tillegg tilleggalt! uten tillegg Envanskelige ny bil innebærer prioriteringer.
    [Show full text]
  • Påmeldte 16Sep19
    Bedrift Fornavn Etternavn AB Solutions Arnt Erik Gangås AB Solutions Erik Rødder Alti Forvaltning Else Andersen Alti Forvaltning Erik Sand Alti Forvaltning Lars Løseth Alti Forvaltning Lars Ove Løseth Alti Forvaltning Marianne Sørbøe Alti Forvaltning Rune Juliussen Alti Forvaltning Sivert Vullum Alti Forvaltning Ståle Sørbøe Amfi Drift Eva Johansen Amfi Drift Oddrun Hamnes Aakvik Amfi Drift Svein Olav Birkeland Amfi Kreativ Sara Akerfeldt Amfi Madla Anette Worum Amfi Madla Annette Jakobsen Amfi Vågen Bente Hetland Amfi Vågen Lisa Tanche-Larsen Apotek 1 Norge Anders Vik Apotek 1 Norge Hans-Herman Leganger Ark Bokhandel Stein Ove Gudmundsrud Ask Media Lena Ørbog Ask Media Nils Vanebo Bagorama Lena Annie Figenschau Bergen Storsenter Odd Rune Bjørge Bitastad Bjørn Vidar Tessem Bitastad Eigil Almenning Bitastad Finn Dybdalen Bitastad Henrik Horni Bitastad Ingrid Kristin Viken Boostcom Gustav Rygh Boostcom Morten Mørken Brand Factory Norge Bjørn Gurholt Brand Factory Norge Erlend Stornæs Brand Factory Norge Kristin Eide Brave Gruppen Lars Henrik Wold Bydel Aker Brygge Ken-Øyvind Heggem Bydel Aker Brygge Marius Luell Arntsen Bydel Aker Brygge Thomas Nygård Bydel Aker Brygge Yvonne De Geus Nygård Bærums Verk Aniek Ones Verhaaf Bærums Verk Kenneth Hansen Cartagena Morten Fari Cartagena Roland Puffer Centerteam Christoffer Kvarberg Centerteam Eilin Nigardsøy Bergum Centerteam Else Jenny Staalnacke Centerteam Henny-Marlen Fonn Centerteam June Sagli Holte Centerteam Jørgen Neskleiv Centerteam Nina Paul Centerteam Tiore Kristian Haugan Centerteam Trine
    [Show full text]
  • Økonomiske Konsekvenser Av Store Handelsetableringer
    RAPPORT FoU prosjekt om samfunns- økonomiske konsekvenser av store handelsetableringer MENON-PUBLIKASJON NR. 19/2014 Mai 2014 Av Erland Skogli, Jens Fredrik B. Skogstrøm, Peter Aalen, Endre Kildal Iversen og Rasmus Bøgh Holmen Oppsummering Denne rapporten oppsummerer funnene fra FoU-prosjektet «Samfunnsøkonomiske konsekvenser av store handelsetableringer». Menon har på oppdrag fra Kommunal- og moderniseringsdepartementet kartlagt utbygginger eller utvidelser av kjøpesentre og storhandelskonsepter («big box») i 15 små og store kommuner, fra Alta i nord til Kristiansand i sør i perioden 2006-2012. Hovedfunnet i studien er at store handelsetableringer gir en positiv netto omsetnings-, verdiskaping- og sysselsettingsseffekt for både kommunen hvor utbyggingen finner sted, og for regionen rundt. Menon Business Economics 1 Rapport Forord I denne rapporten presenteres er et forskning- og utviklingsprosjekt utført av Menon Business Economics på oppdrag fra Kommunal- og moderniseringsdepartementet. Vi ønsker å takke for oppdraget. Prosjektet har vært faglig utfordrende og interessant. Mye tyder på at det har vært et svakt faktagrunnlag på dette området. Som Per Gunnar Rasmussen i Institutt for Bransjeanalyser sier det: «Vi erfarer alt for ofte at ekspertuttalelser om konsekvenser av handelsetableringer heller er basert på eksempler av anekdotisk karakter enn på grundige undersøkelser og forskning.» Det er derfor prisverdig at departementet nå har tatt initiativ til å øke kunnskapen om konsekvenser av store handelsetableringer. Spesielt vil vi takke Kirsten Hegsvold, Terje Kaldager og Erik Vieth Pedersen for gode diskusjoner og konstruktive innspill underveis. Partner Erland Skogli har vært prosjektleder i prosjektet, mens seniorøkonom og PhD Jens Frederik Baumgarten Skogstrøm har hatt det faglig ansvaret. Skogstrøm har utført den økonometriske analysen i tett samarbeid med analytiker Peter Aalen.
    [Show full text]
  • Annual Report 2018 Olav Thon Group
    ANNUAL REPORT 2018 OLAV THON GROUP 2 2018 A NNU A L R EPO R T Contents 04 Olav Thon Group 2018 Group structure 06 Leader 08 Key figures The Olav Thon Foundation 10 This is Olav Thon Group 12 Thon Eiendom 100% 32 Thon Hotels 38 Financial matters Olav Thon Gruppen AS 40 Other operations 42 The Olav Thon Foundation 44 Sustainability and corporate social responsibility 100% 72% Olav Thon Thon Holding AS Eiendomsselskap ASA 100% 100% 100% Thon Thon Amfi Eiendomsdrift AS Hotels AS Eiendom AS Cover photo: AMFI Moa, Ålesund Executive management team OLAV OLE-CHRISTIAN DAG MORTEN ARNE THON HALLERUD TANGEVALD-JENSEN THORVALDSEN B. SPERRE CEO/President Deputy CEO/Executive Vice Executive Vice President and Executive Vice President and Executive Vice President President Property CEO OTE ASA CEO Thon Hotels Finance DESIGN AND LAYOUT AMFI KREATIV AS | PHOTOS MORTEN HJERTØ, GRY TRAAEN | PRINTING ROLF OTTESEN 3 OLAV THON GROUP OUR SHOPPING CENTRES AND Olav Thon HOTELS Central/Northern Norway Group 29 17 2018 Sweden 11 Western Norway 25 20 Southern/Eastern Norway 34 34 *Of which 5 hotels and 3 apartment hotels in Brussels and 1 hotel in Rotterdam Total: Shopping centres 9 OF THE 10 LARGEST 99 Hotels Brussels/Rotterdam* The Group owns or manages 9 of the 10 largest shopping centres in Norway. 80 9 DID YOU KNOW...? Olav Thon Group Thon Hotel Storo was The Olav Thon Foundation owns around 3.2 named the customers’ donated NOK 42 million million sq. m. of favourite hotel in Norway to research and teaching property by Berg-Hansen in 2018 4 ANNUAL REPORT 2018
    [Show full text]
  • Scandinavia's Leading Shopping
    SCANDINAVIA’S LEADING SHOPPING CENTRE GROUP - Part of the Olav Thon Group 2018 OLAV THON Olav Thon is the CEO and founder of the Olav Thon Group, and has since the 1940s operated a comprehensive business. Today the Olav Thon Group is Norway’s leading operator in the property and hotel business. The Olav Thon Foundation was established in December 2013, and all shares in Olav Thon Gruppen AS were gifted by Olav Thon to the foundation. Thon holds a number of directorships connected to the Olav Thon Group, and is also the Chairman of the Olav Thon Foundation. EvenFoto.no THON EIENDOM NORGES LEDENDE EIENDOMSAKTØR Thon Eiendom is the property division of the Olav Thon Group. The Group’s property business covers approximately 500 properties in Norway and abroad, with a total rental value of approximately NOK 5.5 billion. 67 % of rental revenue is raised from commercial premises, including several of Norway’s largest shopping centres. Thon Eiendom is Norway’s biggest shopping centre operator, with 96 centres stretching from Svalbard in the north to Mandal in the south, as well as 11 centres in Sweden. Of these, 78 are wholly or partially owned shopping centres, and 29 are managed on behalf of external owners. Parts of the shopping centre portfolio are marketed and managed under the same brand name: Amfi. 96 shopping centres in Norway 11 shopping centres in Sweden NOK 67.2 billion store revenues in Norway SEK 13.5 billion store revenues in Sweden 200 million visitors annually 6 000 tenants 9 out Norway’s 10 largest shopping centres 3 Latest
    [Show full text]
  • Citycon Presentation
    APRIL 28TH, 2017 CITYCON PRESENTATION LIPPULAIVA – STUDEN IDEA & DESIGN COMPETITION BREEFING MEETING THIS IS CITYCON LEADING OWNER, MANAGER AND DEVELOPER OF SHOPPING CENTRES IN THE NORDICS AND BALTICS – 51 shopping centres1) – 200 million visitors p.a. – 13 managed/rented assets – Market cap. EUR 2 billion – GLA 1.2 million sq.m. – Credit ratings: Baa1 & BBB FINLAND PORTFOLIO VALUE Estonia and Denmark NORWAY SWEDEN 20 7% 2 Finland 9 Sweden1) 19 ESTONIA 27% 36 % 5 EUR billion DENMARK 1 Norway 30% 3 Key figures 31 March 2017 1) Including Kista Galleria Number of shopping centres TRUE PAN-NORDIC LEADER 340 140 125 95 90 FINLAND SPONDA ELO KEVA IDEAPARK 300 260 210 155 150 #1 SWEDEN ATRIUM UNIBAIL- OLAV THON STEEN &STROM LJUNGBERG RODAMCO 970 #2 #3 #2 340 205 140 95 NORWAY OLAV STEEN & STROM SALTO SCALA THON 145 100 80 ESTONIA ASTRI LINSTOW Retail GLA (thousand sq.m.) Source: Company reports, Pangea Property Partners analysis, as per April 2017 and Finnish Shopping Centres 2017. Includes only majority-owned 4 shopping centres. Includes some assumptions on retail proportion out of total GLA, where retail data not available. URBAN CROSSPOINTS DRIVEN BY STRONG DEMOGRAPHICS CORE ASSETS: –Urban environments, located where people live and work –Strong population growth and natural footfall –Integrated with public transportation –Shared access to education, health care, culture, municipal services 5 STRONG GROCERY-ANCHORING ‒ OVER 100 GROCERY STORES1) 2% 1% 9% 24% 9% Home and leisure Fashion Rental income Groceries Services and offices 269 Health and beauty 13% Cafés and restaurants MEUR Specialty stores Department stores 24% 18% As per 31 December 2016 6 1) Including Kista Galleria (50%) 90% OF CITYCON’S SHOPPING CENTRES ARE LOCATED IN CAPITAL OR MAIN CITIES ISO OMENA, KISTA GALLERIA, LILJEHOLMSTORGET KOSKIKESKUS, HERKULES, HELSINKI AREA STOCKHOLM2) GALLERIA, STOCKHOLM TAMPERE SKIEN GLA, sq.m.
    [Show full text]
  • Securities Note ISIN NO 0010818289
    Olav Thon Eiendomsselskap ASA – 11.06.2018 Securities Note ISIN NO 0010818289 Securities Note FRN Olav Thon Eiendomsselskap ASA Senior Secured Open Bond Issue 2018/2023 NO 0010818289 Arranger: 11.06.2018 Prepared according to Commission Regulation (EC) No 809/2004 - Annex XIII Olav Thon Eiendomsselskap ASA – 11.06.2018 Securities Note ISIN NO 0010818289 Important notice The Securities Note has been prepared in connection with listing of the securities at Oslo Børs. The Securities Note has been reviewed and approved by the Norwegian FSA in accordance with sections 7-7 and 7-8, cf. section 7-3 of the Norwegian Securities Trading Act. The Registration Document was approved by the Norwegian FSA 11.06.2018 and is still valid as of the date of this Securities Note. This Securities Note together with the Registration Document dated 11.06.2018 constitutes the Prospectus. The Prospectus is valid for a period of up to 12 months following its approval by the Norwegian FSA. The Norwegian FSA has not controlled or approved the accuracy or completeness of the information given in this Prospectus. The approval given by the Norwegian FSA only relates to the Issuer's descriptions pursuant to a pre-defined check list of requirements. The Norwegian FSA has not made any form of control or approval relating to corporate matters described in or otherwise covered by this Prospectus. New information that is significant for the Issuer or its subsidiaries may be disclosed after the Securities Note has been made public, but prior to the expiry of the subscription period. Such information will be published as a supplement to the Securities Note pursuant to Section 7-15 of the Norwegian Securities Trading Act.
    [Show full text]
  • Synsam Group Norway AS
    BUTIKKOVERSIKT Synsam Group Norway AS Synsam Group er en av Europas ledende aktører innen optikerbransjen og tilbyr unike løsninger innen øyehelse med et bredt sortiment som går ut fra kundens ulike livsstiler. Selskapet fnnes i Norden og har cirka 2000 medarbidere. Totalt har selskapet cirka 450 butikker som drives under varemerkene Synsam og Profl Optik i Danmark. Kontakt B2B Sales Manager i Synsam Group Norway Fatemeh Fahadi-Elemnhorst på: [email protected] og opplys om at dere er kunder av Salutis HMS AGDER SYNSAM KRISTIANSAND Gyldenløvesgate 1a 4611 Kristiansand [email protected] SYNSAM MANDAL Amf Mandal, Skarvøyveien 55 4517 Mandal [email protected] SYNSAM SØRLANDSSENTERET Barstølveien 31-35 4636 Kristiansand [email protected] SYNSAM VÅGSBYGD Amf Vågsbygd, Kirsten Flagstadsvei 32 4621 Kristiansand [email protected] INNLANDET SYNSAM ELVERUM KREMMERTORGET SYNSAM KONGSVINGER SYNSAM CC HAMAR Kremmertorget Brugata 15 CC Stadion, Vangsveien 62 2406 Elverum 2212 Kongsvinger 2317 Hamar [email protected] [email protected] [email protected] SYNSAM ELVERUM AMFI SYNSAM ÅRNES SYNSAM HAMAR TORGGATA Torggata 3 Skolegata 15B Torggata 34 2408 Elverum 2150 Årnes 2317 Hamar [email protected] [email protected] [email protected] SYNSAM TRYSIL SYNSAM BRUMUNDDAL MØLLA SYNSAM GJØVIK CC Apotekergården Brugata 16 CC Gjøvik, Jernbanesvingen 6 2420 Trysil 2380 Brummundal 2821 Gjøvik [email protected] [email protected] [email protected] SYNSAM MOELV SYNSAM VINSTRA SYNSAM GJØVIK SENTRUM
    [Show full text]
  • Annual Report 2012/13 1918-1919 1919-1920 1923-1924 1927-1928 Contents
    Annual Report 2012/13 1918-1919 1919-1920 1923-1924 1927-1928 Contents The year in brief 1 CEO's statement 2 Strategic orientation 5 1930-1931 1932-1933 1934-1935 1936-1937 Market overview 9 Operations 13 Marketing 13 Our sales channels 16 Purchasing and product range 20 1939-1940 1943-1944 1945-1946 1948-1949 Own brands 21 Logistics, IT and security 22 Risks and uncertainties 24 Sustainable development 27 1951-1952 1954-1955 1957-1958 1961-1962 Our work to promote human rights 30 Our values and employees 36 Our responsibility for the environment 40 Clas Ohlson's GRI profi le 43 1963-1964 1966-1967 1968-1969 1972-1973 Shares and shareholders 45 Annual report Directors’ report 48 Corporate governance 50 1975-1976 1978-1979 1981-1982 1984-1985 Five-year summary 58 Comments 59 Consolidated income, comprehensive income and cash-fl ow statements 60 Consolidated balance sheet 1988-1989 1990-1991 1993-1994 1995-1996 and change in equity 61 Parent Company income, comprehensive income and cash-fl ow statements 62 Parent Company balance sheet and change in equity 63 1999-2000 2003-2004 2006-2007 Autumn & Winter Accounting policies and notes 64 2008-09 Certifi cation of the annual accounts 76 Audit report 77 Board of Directors and auditors 78 Spring & Summer Autumn & Winter Spring & Summer Autumn & Winter Senior Management 82 2009 2009-10 2010 2010-11 Quarterly results 84 A selection of catalogues Defi nitions 84 from 1918 to 2013 Addresses 85 Spring & Summer 2011-2012 2012-2013 2011 More people discover Clas Ohlson Clas Ohlson in one minute Our customers can make purchases in our 174 stores throughout Sweden, Clas Ohlson is a listed retail company Norway, Finland and the UK via our with great visions and ambitious goals.
    [Show full text]