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{{Infobox company
{{Infobox company
| name = Steen & Strøm ASA
| name = Steen & Strøm AS
| logo = Steen & Strøm logo.png
| logo = Steen & Strøm logo.png
| type = [[Public company|Public]]
| type = [[Public company|Public]]
Line 6: Line 6:
| founder =
| founder =
| location = [[Oslo]], [[Norway]]
| location = [[Oslo]], [[Norway]]
| key_people = [[Olav Line]] <small>[[Chief Executive Officer|(CEO)]]</small><br>[[Peter Arne Ruzicka]] <small>[[Chair (official)|(Chairman)]]</small>
| key_people = [[Louis Bonelli]] <small>[[Chief Executive Officer|(CEO)]]</small><br>[[Ketil Wold]] <small>[[COO Norway]]</small> [[Laurence Weydert]] <small>[[COO Denmark & Sweden]]</small>
| area_served = [[Scandinavia]]
| area_served = [[Scandinavia]]
| industry = [[Real estate]]
| industry = [[Real estate]]
| products = [[Shopping centre]]s
| products = [[Shopping centre]]s
| services =
| services =

| revenue = {{profit}} [[Norwegian krone|NOK]] 2,010 million (2006)
| operating_income = NOK 1,762 million (2006)
| net_income = NOK 1,084 million (2006)
| num_employees = 252 (2007)
| parent =
| parent =
| subsid =
| subsid =
| homepage = [http://www.steenstrom.no www.steenstrom.no]
| homepage = [http://www.steenstrom.com]
| footnotes =
| footnotes =
| international = yes
| international = yes
}}
}}


'''Steen & Strøm''' is a Scandinavian [[retail]] and [[real estate]] company that owns and operates 52 [[shopping centre]]s in [[Norway]], [[Sweden]] and [[Denmark]]. In 2006 the shopping centers had 3,300 lessees with total revenue of about [[Norwegian krone|NOK]] 40 billion.
'''Steen & Strøm''' is a Scandinavian [[retail]] and [[real estate]] company that owns and operates 18 [[shopping centre]]s in [[Norway]], [[Sweden]] and [[Denmark]]. The centers have 1 600 stores and are visited by 90 million guests annually and boasts a turnover of close to 3 billion euro.

Klépierre and APG Pension Fund bought Steen & Strøm, July 28, 2008 for NOK 21.9 billion. Klépierre owns 56.1 percent of the company, while the Dutch Pension Fund APG owns 43.9 percent. Steen & Strøm is a fully integrated company in Klépierre, Europe's leading player in the shopping center industry with its more than 100 centers in 16 countries.

The company has launched a comprehensive program for environmental and social responsibility and is honored as one the most sustainable shopping centers in Europe. All centers are ISO 14001 certified.


==History==
==History==

Revision as of 07:17, 10 September 2018

Steen & Strøm AS
Company typePublic
IndustryReal estate
Founded1797
HeadquartersOslo, Norway
Area served
Scandinavia
Key people
Louis Bonelli (CEO)
Ketil Wold COO Norway Laurence Weydert COO Denmark & Sweden
ProductsShopping centres
Website[1]

Steen & Strøm is a Scandinavian retail and real estate company that owns and operates 18 shopping centres in Norway, Sweden and Denmark. The centers have 1 600 stores and are visited by 90 million guests annually and boasts a turnover of close to 3 billion euro.

Klépierre and APG Pension Fund bought Steen & Strøm, July 28, 2008 for NOK 21.9 billion. Klépierre owns 56.1 percent of the company, while the Dutch Pension Fund APG owns 43.9 percent. Steen & Strøm is a fully integrated company in Klépierre, Europe's leading player in the shopping center industry with its more than 100 centers in 16 countries.

The company has launched a comprehensive program for environmental and social responsibility and is honored as one the most sustainable shopping centers in Europe. All centers are ISO 14001 certified.

History

The company was founded in 1797 when Samuel Strøm started a wine shop and general store in Oslo. When he died in 1818, the store was taken over by his widow Else Strøm, then their common son Christian Strøm in 1829. In 1856 Strøm, shortly before his death, passed it on to his nephew and adoptive son Samuel Strøm, Jr. and the husband of his adoptive daughter Emil Steen. The name Steen & Strøm was then established. Samuel Strøm, Jr. died in 1876, and Emil Steen brought the widow Augusta Strøm on board as partner. In 1884 the next generation took over, with Christian Steen, Johan Steen and Christian Strøm, Jr. as partners. The next generation after that entered the company with Erling Steen and Eyvind Strøm in 1914; and Nils Steen in 1919. The three took over the company in the 1930s.[1][2] Another family member Emil Steen was just a board member, but his son Christian Steen became chief executive in 1964.[3][4]

In 1874 the company built the first department store in Norway, but it was destroyed in a fire in 1929. By 1930 a brand new store had been rebuilt, with architectural inspiration from Paris. In 1991 Agora Drift AS took over the management of Steen & Strøm, as well as five other shopping centres and three hotels, and started expanding.

In July 1994 the company was listed on the Oslo Stock Exchange, but delisted again in September 2007 after Stein Erik Hagen had bought out the other owners, at the time Canica (49,9%), Storebrand (12.9%), Orkla (10.3%), Stein Erik Hagen (5.9%) and Varner-Gruppen (5.5%). In 2008 the company was sold for NOK 21.9 billion to Klépierre (56.1%) and ABP Pension Fund (43.9%).[5]

References

  1. ^ "Steen & Strøm har idag bestaaet i 125 aar". Aftenposten Aften. 13 July 1922. p. 1.
  2. ^ "150 år på samme tomt". Aftenposten. 8 October 1947. p. 5.
  3. ^ "Dødsfall". Aftenposten. 31 October 1950. p. 5.
  4. ^ Steenstrup, Bjørn, ed. (1973). "Steen, Christian". Hvem er hvem? (in Norwegian). Oslo: Aschehoug. p. 526. Retrieved 23 December 2011.
  5. ^ E24 Næringsliv (2008-07-28). "Hagen har solgt Steen & Strøm" (in Norwegian).{{cite web}}: CS1 maint: numeric names: authors list (link)