Technology entrepreneur sells luxury property by the Oslo Fjord
The Norwegian Silicon Valley entrepreneur Stein Onsrud has decided to sell his exclusive beachfront property. The estate is idyllically situated by the Oslo Fjord, just a short ten-minute boat ride from the capital.
The sale comes at a time when Onsrud is making major changes to his business operations. He has recently started a new company working with biometrics, a technology that involves identifying people using physical characteristics such as fingerprints or facial recognition.
Despite his Norwegian background, the entrepreneur has chosen to base his new company's venture in Sweden. It is not yet known why he has chosen to move the business out of Norway, but the decision has caused a stir in the business community.
The property sale marks the end of an era for Onsrud by the Oslo Fjord. The market for luxury properties in this area is known to be attractive, and there is now excitement surrounding who will become the new owner of the summer paradise.