Asgeir B. Torfason

Born in Reykjavik, Iceland 1972, started early working in the energy industry for the ABB agent in Iceland. I studied Philosophy and Economics at the University of Iceland and I studied international general management in Oslo, Norway 2000-2001 for an MBA degree. After that I worked for the University of Iceland, mainly related to real estate developments. Moved to Sweden in 2004 and was responsible for the Nordic operations of ProLogis (NYSE: PLD) a real estate investment trust focusing on logistics and industrial real estate. I established the Scandinavian office in Gothenburg in 2005 and ran it as VP until 2008 when the portfolio had grown threefold through ten international lease agreements, land purchases and new developments of 200.000 square meters. These were built together with Logistic Contractor a Swedish construction management company where I also have acted as an advisor to the management board.

During the summer of 2008 I became post-graduate student in business research and defended a Licentiate thesis at the School of Business, Economics and Law at Gothenburg University in the Department of Business Administration in September 2010. The thesis was a case study exploring the relevance of different value concepts in real estate, illustrating the contradicting accounting methods of historical cost and fair value. The study investigated real estate investments in a long-term perspective and how the family company, Ivar Kjellberg, has built its assets over many decades.

Acted as deputy board member in SIPA, Scandinavian International Property Association during 2007-2010 and am a board member in Rådasjöns Yacht Club since 2008. Through my private consulting firm I have been involved in preparations for real estate funds and projects. Since 2010 I am working on my PhD thesis at Gothenburg Research Institute focusing on cash flow and accounting in the banking sector.