Peter Olsen cuts house prices by NOK 20 million – E24

Debt-ridden Peter Olsen needed first 85 million, then 70 million. After Easter, the price of the wonderful property “Langveis” in Bærum will be reduced to 50 million.

Estate agent John Fredrik Pande of Chem & Johnson had emailed interested parties in the property saying the asking price would be reduced to NOK 50 million when it reopened “just before Easter”.

– The current price is NOK 70 million. A reduction in asking price is considered to increase buying interest in the market. It is very common to consider a price reduction when something is not selling. Currently, it stands at NOK 70 million, Pandey tells E24.

– Pig is cheap

At the beginning of November, the property in Gjettum in Bærum was put up for sale at a price of NOK 70 million.

The property was then attempted to be sold outside the open market with a price index of NOK 85 million.

– The feedback from the shareholders I contacted was NOK 85 million higher. So we came to the conclusion that 70 million is appropriate for the market. Statistically, it's dirt cheap. It's not a two-bedroom apartment in Frogner, Pandey told E24 in November.

“Severe financial difficulties”

Investor, ship heir and art collector Petter OIsen, whose real name is Petter Halfdan Rudolf Fredrik Olsen (76), ended up in financial trouble.

Capital As recently as last year, Olsson's worth was estimated at NOK 1.9 billion.

At the end of September last year, the Oslo District Court opened ReconstructionReconstructionNegotiate a consolidated arrangement with all creditors, clean up the debt situation and avoid bankruptcy. Petter Olsen's company Ramme Eiendom Petter Olsen and his personal finances.

The value of Petter Olsen's property will now be reduced by more than 40 percent because it was sold off-market.

This happened after the debt-ridden shipping heir went to court to negotiate with his creditors.

“The request for restructuring negotiations is due to the fact that the debtor has serious financial problems and the debtor has not resolved the debt problems,” reads the judgment of the Oslo District Court, issued on September 29. .

The court determined that Olson could not pay the debt without realizing the assets and that he “must properly implement the assets to manage the funds.”

Lawyer Leif Peter Madsen in Wickborg Rain was appointed by the court to lead the debt negotiations with Peter Olsen's creditors.

– We were aware that the property was being put up for sale. The debtor (Petter Olsen, journ.anm.) cannot sell the property without the approval of the creditors' committee, Madsen previously told E24.