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Tuesday, May 28, 2024

Luxury estate goes on the market

The large, hillside estate of Norwegian investor and businessman Atle Brynestad has gone on the market in Oslo, with an asking price that’s raising eyebrows but seems to get the nod from brokers dealing with high-end properties.

Brynestad, who’s been digging out of financial trouble in his retailing and investment empire, insists he and his actress wife Linn Stokke are selling only because their children have grown up and left home, and that they don’t need such a large place anymore. “It has been a super place for the children to grow up,” Brynestad told newspaper Dagens Næringsliv (DN).

The estate includes a 610-square-meter (about 6,100 square-foot-) main house, two smaller houses, a tennis court, swim hall, gymnastics hall, horse stalls and a riding arena. The three-car garage building also includes a residential unit, all of it located on a 9.8 mål (2.5-acre) property in the posh Voksenkollen area behind Holmenkollen in the hills above Oslo.

Asking price: NOK 45 million (USD 8.6 million at current exchange rates). “The scarcity of this type of unique property explains the price,” one broker told DN. “It’s very seldom that a property like this comes on the market, instead they tend to stay in a family for several generations.” Only one broker questioned by DN thought the price seemed high: “The main house must be exceptional, to match the price.”

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