Norwegian Property appoints CIO (NO)

Dag Fladby (38) has been appointed as chief investment officer (CIO) for Norwegian Property ASA, where new chief executive Petter Jansen is building up his organisation.

Due to join the company's corporate management team, Mr Fladby comes from the job of vice president for corporate business development at Finland's Altia Corporation Oy.

He has served in this post since August 2005, after previously playing a key role in building up Scandinavian Beverage Group (SBG) from 1995.

Mr Fladby was chief executive of that company when it was sold to Altia at the end of 2004 after a period of successful expansion.

He took a master's degree in business and marketing at the Norwegian School of Business in 1993.

"Mr Fladby has documented his business development ability," comments Mr Jansen. "He headed SBG during a very positive growth phase.

"In addition to securing strong organic expansion and good progress for profits, he played a key role in a number of successful mergers and acquisitions. Our continued development will now benefit from his experience and expertise."

Norwegian Property was established in April, and has so far invested a total of NOK 14.4 billion in 41 properties. These holdings comprise very attractive office and shop premises in Oslo and Stavanger, and their tenants are solid and reputable Norwegian businesses. The properties total 590 000 m² and 99% of this area is leased, with an average remaining lease term of almost eight years.

Norwegian Property is planning to secure a listing on the Oslo Stock Exchange during the fourth quarter, and aims to become the leading company in its field in Norway.

Source: Norwegian Property

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