Wenaasgruppen
Family-owned investment group in Måndalen, Norway, with roots in a 1931 workwear business; owns 18 hotel properties in seven countries and a securities portfolio.
USEFUL FOR Fund managers raising capital · Co-investors
Family & background
- FAMILY
- Wenaas
- WEALTH ORIGIN
- Workwear manufacturing (Wenaas, later Kansas Wenaas/Kwintet)
- HEADQUARTERS
- Måndalen, Norway
- FOUNDED
- 1931
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- SECTORS
- Real Estate & PropTech
- GEOGRAPHY
- Europe
- ROUTES
- Direct investments · Funds (as LP)
- STRATEGIES
- Real estatePublic equitiesFunds (as LP)
Overview
Wenaasgruppen describes itself as a family-owned investment company focused on hotel properties and capital management, rooted in the workwear business Lars Wenaas started in 1931. It owns 18 hotel properties with over 7,800 rooms in seven European countries, leased to single operators on long contracts. Its securities portfolio, about NOK 7 billion, targets a 60/40 split between Oslo-listed dividend shares and Nordic high-yield and bank bonds, plus equity and bond funds. Earlier it owned ski resorts, a shipping portfolio and a sports retail business, since sold; Lars Wenaas has been sole owner since 2006.
Investment thesis
Hotels with more than 200 rooms in central European cities on long single-tenant leases; liquid capital managed for risk-adjusted return, mainly in solid Oslo-listed industrial and financial companies and high-yield bonds.
People
- Lars WenaasOwner · source
Classification
Single Family Office. Manages one family's own capital, with no outside investors. The family bears every loss. How family capital is classified →
FAQ
Wenaasgruppen is a single family office based in Måndalen, Norway, founded in 1931.
Wenaasgruppen invests on behalf of the Wenaas family (Workwear manufacturing (Wenaas, later Kansas Wenaas/Kwintet)).
Wenaasgruppen invests directly in companies and in third-party funds as an LP. Its stated asset mix includes real estate, public equities and funds (as lp).
Wenaasgruppen invests in Real Estate & PropTech.
Key people at Wenaasgruppen include Lars Wenaas (Owner).
No. Wenaasgruppen invests its own capital and does not raise money from outside investors.