Early Life
Ivar Tollefsen was born on June 23, 1961, in Asker, Norway. His entrepreneurial journey began at the age of 12 when he started delivering newspapers, demonstrating a strong work ethic. He expanded his early ventures into the entertainment sector, purchasing a DJ set and performing at school parties. Tollefsen's passion for music and entertainment quickly evolved into a business.
Rise to Success
At 14, Tollefsen founded Tollefsen Enterprises, a company that provided DJ services and event equipment rentals. Recognizing his organizational skills, he focused on building his business, eventually selling it to Vest Invest in 1985 for approximately $2.8 million. Tollefsen’s focus shifted to real estate in 1994, purchasing his first building in Oslo. This marked the beginning of Fredensborg AS, which would become one of Scandinavia's largest rental housing owners.
Key Business Strategies
Tollefsen's strategy includes long-term investment, recognizing emerging market trends, and a commitment to sustainability. Fredensborg expanded through strategic acquisitions across Europe, including major purchases in Germany, Denmark, and the Netherlands. The company focuses on long-term value creation. In 2020, Heimstaden Bostad AB, a subsidiary of Fredensborg AS, acquired 1,732 buildings in Germany. Tollefsen has also been an advocate for green technologies in real estate.
Philanthropy
Ivar Tollefsen has supported numerous charitable causes, with a particular focus on education and environmental sustainability. He believes in the responsibility of business leaders to give back to the community.
