Aurora Eiendom and Alti Forvaltning form a strong alliance

Aurora Eiendom builds the future of retail by converging digital and physical retail, by creating an ideal environment for both tenants and customers. Alti Forvaltning is our 50% owned management company.


In July 2021, the acquisition of the first five shopping centers in the Aurora portfolio was completed, and this marked the start of our business.

At the same time, Aurora Eiendom AS took over 50% of the shares in Alti Forvaltning AS, which now manages the shopping centers and manages Aurora Eiendom as a group. The combination of well-located, modern high-quality centers and an industry-leading management organization provides a solid foundation for further growth and development. The shares in Aurora are registered on Euronext Growth Oslo

January 2021
Incorporation of Aurora Eiendom AS.
May 2021
Five investors commit to invest approximately NOK 1 bn in the company.
June 2021
Aurora Eiendom raises NOK 2 bn in new share capital.
June 2021
Aurora Eiendom enters into an agreement to buy 50% of the shares in Alti Forvaltning AS. Aurora’s shopping center portfolio is managed by Alti Forvaltning.
July 2021
Aurora Eiendom closes the acquisition of the first four shopping centers and takes over the daily operations.
July 2021
The Company agrees to buy its fifth shopping center, Farmandstredet in Tønsberg, from Steen & Strøm AS / Klépierre and takes over the daily operations.
December 2021
Aurora Eiendom AS is listed on Euronext Growth Oslo under the ticker «AURA».
December 2021
Aurora Eiendom acquires 25% of JHG Invest AS, which owns 35% of Jærhagen Kjøpesenter, managed by Alti Forvaltning.
February 2022
Acquisition of Buskerud Storsenter from Citycon. Private placement of NOK 400 million towards existing owners, related to the acquisition.
June 2022
Private placement of NOK 600 million, announcement of the acquisition of Gulskogen Senter (100%), Arkaden Senter (100%) and Hamar Storsenter (25%), transactions closed on July 1st 2022.

Our Investment criteria and strategy

Our mission is to own, operate and develop leading shopping destinations and create value for customers, tenants and investors.

Aurora Eiendom will continue to seek out and invest in shopping centers that are carefully selected.

Aurora Eiendom, together with Alti Forvaltning, carries out a thorough analysis of rental income, costs, tenants and competition as part of the investment decision.

The company actively opts out of deals that do not fit our strategy and portfolio, the focus is on proper growth.

Real estate segment
Shopping centers and adjacent assets and projects
Leading or have the potential to be leading
Geographical exposure
Large and medium sized cities in Norway

Board of directors

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Petter A. Stordalen

Profiled investor and businessman best known for his ownership in Nordic Choice. Extensive experience with retail – helped rebuild Steen & Strøm in 1991 and was one of the cornerstone investors in Sektor Gruppen before it was sold to Citycon in 2015.

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Board Member
Johan Johannson

Majority owner of the largest grocery chain in Norway, Norgesgruppen. Significant real estate owner and one of the cornerstone investors in Sektor Gruppen (31 %) before the company was sold in 2015.

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Board Member
Lars Løseth

Lars Løseth is regarded as one of the leading shopping center experts in Norway. Best known as the founder of AMFI, a significant owner and the largest operator of shopping centers in Norway.

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Board Member
Marius Varner

Marius is the CEO and Chairman of Varner, one of Norway ́s largest retail companies. Cornerstone investor in Sektor Gruppen (27%) before the company was sold to Citycon in 2015.

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Board Member
Sigurd Stray

Sigurd is COO in Eiendomsspar, which is one of the leading real estate companies in Norway. Prior to Eiendomsspar, he worked 7 years at Olav Thon Gruppen, and 2 years in DnB Asset Management. Sigurd holds an MSc Economics with specialisation in Finance from BI Norwegian Business School.


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Lars Ove Løseth

Lars Ove holds a BSc in Retail Management from BI Norwegian Business School and a
MSc in Real Estate Developement from NMBU. He has extensive experience in shopping
center management, and has been CEO of Alti Forvaltning since 2018. Prior to Alti, Lars Ove was trainee at Olav Thon Gruppen, leasing manager at LL Holding and retail consultant at BigBlue & Company.

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Aage Lilleberg

Before joining Alti Forvaltning in September 2021, Aage was Regional Director at Olav Thon Gruppen for 9 years. Aage has previously worked as Property Manager and Regional Director at Amfi Drift AS. Before starting his career in shopping center management, Aage worked in retail, production and wholesale. Aage holds degrees at Norsk Kjøpmannsinstitutt and BI.

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Kathrine Mauset

Kathrine holds MSc in Economics and Finance from Université Toulouse 1 Capitole in France. She has work experience from IBM, Danske Markets Corporate Finance, Amfi Eiendom AS and Sparebank 1 Nordmøre. Kathrine joined Alti Forvaltning in July 2021.

Aurora and Alti is one of the strongest alliances in the Norwegian shopping center industry

Alti Forvaltning AS is a professional property manager, and currently manages 38 shopping centers, among these the centers owned by Aurora Eiendom.

Alti Forvaltning AS is owned 50% by Aurora Eiendom AS and 50% by Alti AS (LL Holding AS 80% and Sørco Holding AS 20%).

The head office is located in Surnadal, Nordmøre region, with branch offices in Oslo, Trondheim, Arendal and Ålesund.


Alti Forvaltning AS has around 50 employees in administration, as well as employees out in the shopping centers (approx 90). All management resources dedicated to Aurora Eiendom AS are employed in Alti Forvaltning AS.


Aurora Eiendom owns 50 % of Alti Forvaltning AS
Leading expertise in management of shopping centers
Full-service manager with extensive experience