Scandinavia’s leading shopping centre company
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- 54 shopping centres in Norway, Sweden and Denmark
- 440 employees
- Turnover of NOK 40 billion in shopping centres
- About 3,300 lessees
- Turnover in Steen & Strøm AS: NOK 2,339 million in 2008
- Profits for Steen & Strøm AS: NOK 422,5 million in 2008
- Steen & Strøm is owned by the French shopping center group Klepierre (56.1%) and the Dutch Pension Fund ABP (43.9%).
- Klepierre has 374 shopping centers under its administration, of which 274 are owned.
- Klépierre is Europe's second largest shopping center enterprise and is represented in 13 countries.
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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.