Olav Thon Eiendomsselskap ASA was founded in 1982 and its shares were listed on the Oslo Stock Exchange in 1983.

The company has grown significantly since the beginning, with its annual rental income from properties having risen from NOK 27 originally to NOK 3 800 million by the start of 2024. In the same period, the company’s market capitalisation has increased from NOK 200 million to NOK 18,9 billion.

Since the early 1990s, its main focus area has been shopping center properties, and today, Olav Thon Eiendomsselskap ASA is the largest shopping center actor in Norway and also an important player in the Swedish shopping center market. Paralelly, the company has built up a portfolio of commercial properties within other property segments, mainly in the Oslo area.

The company is part of the Olav Thon Gruppen AS, which is Norway’s largest private property player and one of Norway’s largest hotel operators (Thon Hotels). Olav Thon Gruppen AS is owned by the Olav Thon Foundation.