Veidekke: New residential project in Bjørvika

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Oslo S Utvikling (OSU) has awarded Veidekke the commission to build the environmentally certified residential project Vannkunsten Syd in Bjørvika in Oslo. The contract is a design and build contract valued at NOK 476 million excluding VAT.

Vannkunsten Syd consists of five separate buildings with a total of 91 apartments. Overall, the project is 15,500 m2 in size, of which 12,400 m2 are homes with underground parking and 3,100 m2 commercial areas. The project will be certified in accordance with the BREEAM NOR environmental standard.

“We would like to thank OSU for their confidence in us and yet another interesting and sustainable construction assignment. We are proud to be part of building Bispevika, which will be an attractive and unique area at the seafront in the centre of Oslo. We particularly appreciate that everything will be environmentally certified, and look forward to implementing the project in good and close cooperation with OSU and all parties involved,” says director Anders Haugen in Veidekke Bygg Oslo.

OSU is responsible for much of the development in Bjørvika, including the Mariakvartalet residential project where Veidekke is currently starting construction of the basement. The Vannkunsten project has been developed in two phases, where the first nine buildings north of Bispekilen are clad with grey Oppdal slate and were completed in 2021. Vannkunsten Syd, which Veidekke will build, consists of five new buildings in three different sizes that will have Otta slate rust façades. The shortest buildings will be closest to the sea, and the buildings increase in height the closer you get to the city.

“Veidekke’s offer was the best, and we feel confident that they will carry out the project in line with our customers' expectations,” says Lars Holm, CEO of Oslo S Utvikling.

Construction is scheduled to start in September, with completion expected in the autumn of 2025. Read more about the project here.

For further information, please contact:
Head of department Morten Barreth of Veidekke Bygg Oslo, tel. +47 93 88 37 16,

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
Project Manager Karl Jon Sørli with OSU, tel. +47 48 16 86 04,

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Veidekke  is one of Scandinavia’s largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Annual turnover is approx. NOK 39 billion, and almost half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.