A billionaire has purchased what may be the most expensive apartment ever sold in Norway. The deal closed at 5.2 billion kroner, according to Bloomberg. The buyer, identified as property investor Olav Thon, finalized the purchase last week. The apartment is located in Oslo’s Aker Brygge district, known for its luxury waterfront properties.
The sale surpasses the previous Norwegian record by nearly 1 billion kroner. The previous record was set in 2019 when a penthouse in the same area sold for 4.3 billion kroner. The new owner’s identity was confirmed through property records and statements to Norwegian media.
The apartment spans 320 square meters and includes four bedrooms, a private elevator, and panoramic views of the Oslo Fjord. Real estate analysts note the price reflects both the property’s size and its prime location. Demand for high-end properties in central Oslo has remained strong despite economic uncertainty.
Thon, who controls a major real estate empire, has not commented publicly on the purchase. His company, Olav Thon Gruppen, owns multiple commercial and residential properties across Norway. The transaction was handled by E24, a Norwegian financial news outlet that first reported the sale.
The record-breaking price underscores Oslo’s status as a hub for ultra-luxury real estate in Europe. Similar high-value sales have occurred in cities like London and Monaco, but none have reached the same level in Scandinavia.
Source: e24.no