Veidekke ASA: To build 142 homes at Løren in Oslo

Veidekke Entreprenør has signed a contract with Lørenvangen Utvikling AS (jointly owned by OBOS Nye Hjem and Veidekke Eiendom) to build the first stage of the Gartnerkvartalet residential development. The contract is for the construction of two buildings with a total of 142 homes, a subterranean parking garage and two retail premises. The total sales value of the homes is approximately NOK 585 million.

Sales have been very good for Gartnerkvartalet, and the three first buildings are currently almost sold out. The project is an extension of the neighbouring project Gartnerløkka, and when completed, will comprise a total of 525 homes in eight blocks of flats built in several stages. The total sales value of the homes in the whole Gartnerkvartalet project is expected to be around NOK 2.5 billion.

The Gartnerkvartalet project comprises a wide range of 1, 2 and 3 bedroom apartments. The apartments on the ground floor will have spacious terraces, and some will even have a small garden. All other apartments will have their own balconies. The eight blocks will surround a sunny courtyard almost 10,000 m2 in size. This will be a large, green area that with bushes and trees in addition to the gardens.

As an extension of the green image, live planted walls will cover the entrance areas. As far as we know, this is the first new housing project with such a planted wall, which creates both well-being and a better indoor environment.

Good sales at Gartnerkvartalet have accelerated the planning of Lørenvangen Utvikling's next stage at the site at Løren. A framework application for building four has been submitted, and it will in all likelihood be presented for sale in January 2017.  

The first occupants will move in to Gartnerkvartalet in the summer of 2018. For more information about the project please visit: www.gartnerkvartalet.no


For more information, contact:
Project Manager Ellen Thuestad Løkås with Veidekke Eiendom, tel. +47 48 12 54 73, ellen.lokas@veidekke.no
Project Manager Eirik B. Nikolaisen with Veidekke Entreprenør, tel. +47 99 58 59 89, eirik.birkeland.nikolaisen@veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no

 

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt and aggregates. The company's operations are characterised by involvement and local knowledge. Revenue is NOK 24.5 billion (2015), and half of the 7,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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