Faktor Eiendom

Faktor Eiendom was a Norwegian construction and property-development company whose activities covered residential housing, recreational homes, factory production of low-cost housing, and the management of hotels and resorts. Its factory-based production model included economical housing such as student flats, positioning the company across both conventional construction and more industrialized forms of home and apartment manufacture. The company encountered severe liquidity difficulties in 2010. In response, DnB NOR converted NOK 250 million of debt into equity and acquired a 30.7 percent ownership stake. This recapitalization materially changed the company's ownership and financial position, while also highlighting the pressures facing its existing business model. After Per Gunnar Rymer became chief executive in the fourth quarter of 2010, Faktor Eiendom shifted its strategy toward real-estate development and factory production of houses and flats. The revised direction sought to place greater emphasis on property development and standardized, cost-conscious construction rather than relying solely on traditional building activity. The available reference material does not provide enough detail to establish the full geographic footprint, product catalogue, founding history, or the precise structure of its hotel and resort operations. The turnaround effort did not restore the company's viability. A court order dated 27 September 2011 placed Faktor Eiendom under bankruptcy proceedings. The company is therefore treated as defunct, and no current operating website, ownership structure, leadership team, or active product portfolio is established in the available sources.

Faktor Eiendom was a Norwegian company operating at the intersection of construction, property development, and hospitality. Its business activities included the construction of residential homes and recreational houses, as well as factory production of lower-cost housing. The latter category included student flats, indicating an interest in standardized or industrialized construction methods intended to reduce cost and improve production efficiency. The company also managed hotels and resorts, giving it exposure to property-based hospitality in addition to housing construction. The sources available for this entry do not establish the company's founding year, founder, original headquarters, early ownership, or a detailed chronology of its expansion. They do, however, identify a critical period in 2010, when Faktor Eiendom experienced serious liquidity problems. DnB NOR responded by converting NOK 250 million of the company's debt into equity. The transaction gave the bank a 30.7 percent ownership position and represented a significant financial intervention in the company's affairs. It also suggests that the company's debt burden and cash-flow position had become central issues in its corporate governance and future strategy. Per Gunnar Rymer took office as chief executive in the fourth quarter of 2010. Under his leadership, Faktor Eiendom moved toward a strategy centered on real-estate development and factory production of houses and flats. This change combined a property-development orientation with a manufacturing-style approach to housing delivery. Factory production could support repeatable designs and cost control, while real-estate development offered the possibility of managing projects and properties beyond the role of a conventional construction contractor. The available material does not describe particular developments, named housing ranges, hotel properties, or the results of this strategic shift. The restructuring and strategy change were not sufficient to secure the company's continuation. A court order issued on 27 September 2011 placed Faktor Eiendom under bankruptcy proceedings. This marks the end of the company's documented operating history in the supplied reference material. Because no later active business, successor brand, current owner, or continuing corporate entity is identified, Faktor Eiendom is classified here as defunct. Its history is best understood as that of a Norwegian construction and property business that attempted to respond to liquidity stress through bank-backed recapitalization and a shift toward industrialized housing production and property development, but ultimately entered bankruptcy.

• 2011

  Bankruptcy proceedings ordered

  [1]Faktor Eiendomen.wikipedia.org

  A court order dated 27 September 2011 placed the company under bankruptcy proceedings.

• 2010

  Debt converted into equity

  [1]Faktor Eiendomen.wikipedia.org

  Amid serious liquidity problems, DnB NOR converted NOK 250 million of debt into equity and obtained a 30.7 percent ownership stake in Faktor Eiendom.

• 2010

  Strategic redirection under Per Gunnar Rymer

  [1]Faktor Eiendomen.wikipedia.org

  After taking office in the fourth quarter, CEO Per Gunnar Rymer directed the company toward real-estate development and factory production of houses and flats.

A Norwegian construction and property-development company combining residential and recreational building with factory-produced, lower-cost housing and hospitality-related assets.

• Residential construction

  Residential houses

  Faktor Eiendom built residential housing as part of its construction and property-development activities. The available source does not identify specific models, developments, architectural styles, or geographic projects.

• Leisure housing

  Recreational houses

  The company was involved in building recreational houses, serving the leisure-property segment alongside its residential construction work. No detailed product range or named projects are identified in the available material.

• Industrialized housing

  Factory-produced low-cost housing

  Faktor Eiendom produced low-cost housing in factory settings. This activity formed an important part of the company's later strategic direction and included housing intended for cost-sensitive markets such as student accommodation.

• Student housing

  Student flats

  Student flats were cited as an example of the company's factory-produced low-cost housing. The available source does not provide information about specific developments, capacities, or designs.

• Hospitality and resort management

  Hotels and resorts

  In addition to construction and housing production, Faktor Eiendom managed hotels and resorts. The supplied reference does not name the properties or explain the operating and ownership arrangements.

• 2010

  Shift toward property development and factory-produced housingStrategy

  Background

  The strategic change followed serious liquidity problems and the appointment of Per Gunnar Rymer as chief executive in the fourth quarter of 2010.

  Action taken

  Faktor Eiendom placed greater emphasis on real-estate development and factory production of houses and flats.

  Aftermath

  The company subsequently entered bankruptcy proceedings under a court order dated 27 September 2011.

  Source

• 2010

  Debt-to-equity restructuring with DnB NORM&A

  Background

  Faktor Eiendom faced serious liquidity problems and required a major financial intervention.

  Action taken

  DnB NOR converted NOK 250 million of debt into equity and took a 30.7 percent ownership stake.

  Aftermath

  The transaction changed the company's ownership structure, but the company was later placed under bankruptcy proceedings.

  Debt converted into equity. NOK 250 million in debt → NOK 250 million converted into equity; DnB NOR held 30.7 percent (2010)

  Source

1. 1Faktor Eiendomen.wikipedia.org