The Narvesen building at Ensjø to become apartments
Veidekke Eiendom is to redevelop the old Narvesen building at Ensjø into 81 attractive apartments across 14 storeys. It is Veidekke Entreprenør who will be responsible for the redevelopment, and the project will be completed in the third quarter of 2011. The commencement of the development entails that Oslo municipality will initiate the development of the Tiedeman park area next to the project.
Veidekke Eiendom acquired the former headquarters of Narvesen in 2006. Following a planning and regulation period, the sale of apartments started in November. The apartments in Marienfryd, which is the name of the project, have a total sale value of NOK 265 million. "The project has been well-received in the market. Now 50% of the apartments have been sold, and we will initiate construction work," says project developer Knut Ørn Collett of Veidekke Eiendom.
"A number of families with small children have bought apartments in the project. These have bought relatively large flats in the NOK 4 million price range. We believe that this is due to the flats being spacious with good layouts, direct access to major park areas, a central location near Lille Tøyen Hageby and a short distance from the centre of Oslo. There is also a communal roof terrace and a fabulous view of Oslo," concludes Collett.
An extensive plan has been prepared for public spaces in the area, including the Tiedeman park. Streams will be opened up, high voltage cables will be laid underground, grass lots will be prepared for football and other activities and new paths will be established. 6000 new dwellings are planned for the area and all developers pay a contribution based on the area they are developing to Oslo municipality for infrastructure and parks.
See more information on the project at http://marienfryd.no/
For more information please contact:
Project developer Knut Ørn Collett, tel. +47 21 05 75 50 / +47 99 53 09 36, knut.collett@veidekke.no
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no
Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,000 employees and turnover of NOK 15.6 billion (2009). The group is listed on the Oslo Stock Exchange and has a dispersed ownership structure with the employees owning 19.3 % of the stock. The business spans a wide spectrum of building and construction projects, developing housing and commercial buildings for private and public sector clients, asphalt plants and road maintenance as well as collecting and recycling waste.