Saturday, May 21

Real estate investor Ole Martin Braathen died in an avalanche

It was real estate investor Ole Martin Braathen (43) who died in the avalanche in Austria on Friday.

ACCIDENT: On Friday, a tour group of four was taken by an avalanche in Klösterle. One Norwegian died. The photo was shared by local police in the Vorarlberg region of Austria.

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This is confirmed by CEO of Braathen Eiendom Leif Arne Røsnes to VG.

He is the family’s spokesperson and says that the name is released in consultation with the relatives.

The accident happened at the ski resort Albona in Klösterle on Friday.

Life could not be saved

The group of four, consisting of three Norwegians and a German tour guide, was to climb a steep slope when it went wrong, according to local police.

Friday stated Austrian police that the 43-year-old managed to trigger the avalanche balloon in the backpack before he was taken by the snow masses. Shortly afterwards, he was found by someone else in the tour.

Rescue workers arrived at the scene by helicopter, but life could not be saved.

Braathen was a real estate investor and owner of Braathen Eiendom. The family-owned company is the largest private owner in the Barcode series in Oslo, according to the financial magazine Kapital.

Leif Arne Røsnes has been a colleague of Braathen for over 20 years. Neither the family nor he wants to comment on the course of events of the accident.

– We have had an exceptionally good collaboration, says Røsnes.

Norway’s 125th richest

The 43-year-old was listed in the tax lists with a fortune of 2.2 billion in 2020. In 2021, he ended up in 125th place in Capital’s list of Norway’s richest, with a fortune of 3 billion.

In 2019, Finansavisen wrote that Braathen Eiendom was the first professional real estate player to buy into Bjørvika in Oslo.

Since 2005, the company has gradually acquired itself in the area, according to the newspaper.

The company was established in the 1950s by the now deceased real estate magnate Egil A. Braathen. The current owners are Anne Lise, Bjørn Anders and Ole Martin Braathen.

The total value of the company’s real estate portfolio is approaching ten billion kroner, according to Kapital. The company also owns real estate in Vika and Alnabru in Oslo.

Austrian authorities announced on Friday that the danger of avalanches was at danger level three out of five.

On the same day, there was also a landslide in Tyrol, there four Swedes and a guide perished.

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