World Courant
The article continues beneath the commercial
Investor Runar Vatne constructed up actual property investments early on and was concerned, amongst different issues, within the sale of the posh vogue space with Steen & Strøm, Eger, Hermes and Gucci within the heart of Oslo at a big revenue. Over time he has additionally developed into a significant personal investor on the Oslo Inventory Change.
In 2021, DN wrote that Vatne had turn out to be greater than a billion richer in two years after leaving a interval of huge earnings behind. In 2021 he earned NOK 644 million, writes Finansavisen, which additionally studies the 2022 outcome for Vatne’s wholly owned funding firm Vatne Capital on Friday.
In response to Finansavisen, the web outcome quantities to a lack of nearly a billion kroner.
– When it comes to outcomes, 2022 was a really unhealthy yr, CFO Jens Borge-Andersen of Vatne Capital tells the newspaper, and continues that a lot is because of the poor growth of the listed share portfolio, along with the truth that changes have been made within the worth of elements of the true property portfolio together with elevated monetary prices.
Of the lack of nearly NOK 1 billion final yr, nearly NOK 700 million was an unrealized loss on listed shares, in accordance with Finansavisen, which writes that value-adjusted fairness quantities to NOK 2.1 billion, in comparison with NOK 3.1 billion.
Borge-Andersen tells the newspaper that they’ve taken measures to scale back the chance and that home costs have held up properly.
– Now we have taken some measures by promoting properties in each Norway and Sweden. For residential investments, elevated rates of interest have hit arduous, although the rental market has been doing properly in Norway not too long ago. On the similar time, home costs for smaller flats in Oslo have held up properly, and we have now not observed a lot falling costs in gross sales, he says.(Circumstances)Copyright Dagens Næringsliv AS and/or our suppliers. We want you to share our instances through hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by legislation. For additional circumstances see right here.
86-year-old Ralph Høibakk climbs one in all Norway’s most well-known routes: – Shameless and provocative
That is the way it went when climbing legend Ralph Høibakk (86) climbed one in all Norway’s most well-known climbing routes along with writer Jo Nesbø (63).
01:31
Printed: 09.10.23 — 01:49
Runar Vatne misplaced nearly a billion final yr
World Information,Subsequent Huge Factor in Public Knowledg
#Runar #Vatne #misplaced #billion #yr
