Our operations
Our strategy is property investment and development, as well as strategic investments in industrial and trading companies
Gjelsten Capital (100 %)
Gjelsten Capital is an investment company focused on long-term management of equities and fixed-income securities. The company primarily invests directly in Norwegian listed equities, as well as in bonds and other fixed-income instruments. Portfolio management is conducted in accordance with the company’s investment strategy, with the objective of achieving long-term returns while maintaining a moderate risk profile.
Rune Marsdal
CFO
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Fabritius Gruppen (100 %)
Fabritius develops and manages central warehouse and logistics properties in the Greater Oslo area. In recent years, the company has built modern warehouses for a number of large customers such as Sport Holding, Europris, OneMed and 360 Logistics. The company has large development areas in Gardermoen and Drøbak. Fabritius is also the owner of the construction management company A Bygg, as well as a shareholder in Eidos, which develop a large urban area on Lierstranda outside Drammen.
Erik Stensli
CEO
Værdalsbruket (100 %)
With its 900.000 decares, Værdalsbruket is Norway's largest privately owned property. In addition to hunting and fishing, the company also runs extensive forestry operations, and owns large deposits of lime stone which are mined in partnership with Verdalskalk and Heidelberg. Værdalsbruket is also a major shareholder in InnTre Kjeldstad with operations within timber production, sawmilling and wood processing.
Anders Børstad
CEO
Gjelsten Bolig (84 %)
Gjelsten Bolig is one of Norway's largest developers of commercial and residential projects in and around Norway's largest cities. Gjelsten Bolig has over the past decades built over 12,000 homes and 800,000 m2 of commercial and industrial space, and continuously has projects with several thousand homes under development.
Even Jermstad
CEO
Pellestova Hotell (100 %)
With a history going back to 1946, Pellestova has always been a favourite place for skiers. The hotel has several restaurants and a rare wine selection, and offers accommodation and conference facilities in beautiful mountain surroundings, and a number of activities during both summer and winter. All hotel rooms have recently been completely renovated, and a new hotel wing with 30 rooms will be finalised in 2024. In addition, 16 exclusive apartments are now being built, which will be handed over to its new owners in 2025.
Inga Tangen
Hotel Director
NOAH (100 %)
NOAH is a leading European player in the treatment of inorganic waste, and since 1991 has ensured that dangerous waste have not ended up in nature. The company is defined as critical infrastructure as it plays a critical role for Norway and a large number of industrial companies, and ensures that Norway's international obligations relating to recovery, storage and recycling of waste can be met. Through the wholly-owned subsidiary Rekefjord Stones, NOAH also extracts and sells high-quality stone to the Norwegian and European market. NOAH is also shareholder in Morrow Batteries, which develops modern and sustainable battery solutions.
Anders Lægreid
CEO
Sport Holding (47 %)
Sport Holding is Norway's largest sports retail player with around 375 specialist stores across Norway, offering high-quality sports equipment and clothing from well-known brands through the concepts Anton Sport, Sport 1, Intersport, Löplabbet and Sportsnett. Sport Holding is also the owner of Bergans Fritid, which has developed technical clothing and outdoor equipment for dedicated hikers for more than a century.
Anders Fjeld
CEO