Scandinavia’s leading shopping centre company
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- 56 shopping centres in Norway, Sweden and Denmark
- About 400 employees
- Turnover of NOK 40 billion in shopping centres
- About 3,300 lessees
- Turnover in Steen & Strøm ASA: NOK 2,339 million in 2008
- Profits for Steen & Strøm ASA: NOK (422,5) million in 2008
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Continual development
An aggressive programme of investment, upgrading and renewal has been prepared to live up to customer expectations of a stimulating shopping experience. This is a vital part of maintaining our position as the customer’s shopping alternative of choice.
We will continually develop and improve our centres by:
- renewing and developing the total offer
- renovating and revitalising the centres
- maintaining a high level of activity
- making use of advantages of scale
Ownership of shopping centres
The ownership of shopping centres represents the greater part of Steen & Strøm’s business. Around 92 per cent of the group’s assets are related to this area. Shopping centres provide stable income at low risk. Steen & Strøm has entered into long term lease contracts – principally with large, soundly based retailers.
Development
Development projects currently represent about 8 per cent of Steen & Strøm’s total worth. In view of the strong demand for shopping centres, development projects represent a niche which provides the company with competitive and profitable advantages. We have long experience and considerable competence in the development of shopping centres.