Norway — The Norwegian property magnate Olav Thon has passed away at 101 years of age.

Norway — The Swedish shopping center Tanum Shoppingcenter has been purchased by Olav Thon Gruppen and Orvelin Group that now owns 55 and 45 percent respectively.

Nordic — The border trade reaches record levels in the Nordic countries. As the first food only supermarket ever Olav Thon owned Nordby Supermarket surpasses revenue sales over SEK 1 billion (EUR 105M) in a year, during 2016.

Norway — Olav Thon has acquired two large shopping centres in Norway and Sweden from Steen & Strøm. The transaction price is EUR 340M.