Veidekke ASA: Helping OBOS win prestigious project in Stockholm

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A new collaborative concept from Veidekke is helping OBOS win rights to develop the prestigious Gasklockan project in Stockholm’s Norra Djurgårdsstaden. Here, OBOS and Veidekke will build 320 residential units, ground floor business premises and a preschool. Extending 110 meters above sea level, the new building will literally put Veidekke and OBOS on the map of the Swedish capital.

“Through this concept for integrated project development, Veidekke is helping to make the project sustainable and feasible throughout all phases from start to finish. We are now looking forward to realising the Gasklockan project together with OBOS,” says Charlotta Nilsén, head of Veidekke Bygg Sweden.

In building contracts, various contributors are traditionally only included in the project after the project concept has been adopted, which can lock the project to certain processes and result in delays and poorer profitability. Veidekke's collaborative contract concept is designed to shorten the time from project concept to project delivery. Focus is on total estimates, including project development, and the goal is to ensure a win for all parties.

“Veidekke’s integrated project development concept enabled us to build a solid platform for project execution and structure at an early stage, which clearly helped us win the bid. We are now very excited to collaborate further with Veidekke in this amazing project, to help provide more homes for Stockholmers,” says Sofia Ljungdahl, CEO of OBOS Nya Hem.

“The city of Stockholm holds high ambitions for Norra Djurgårdsstaden. This is a priority urban development project with a high sustainability profile, which is precisely the type of social development we want to help realise,” says Nilsén.

The Gasklockan project will extend 110 meters above sea level, to become a new landmark in Stockholm’s silhouette. Zoning plans for the project have been adopted, and the next step is to conduct a parallel process with the municipality to determine the final design and layout of the building. Construction is estimated to start in 2023, with first move-in by 2026.

Stockholm City will formally confirm its decision regarding land allocation in a meeting on 17 December.

More about Gasklockan
More about Norra Djurgårdsstaden

For more information, contact:
Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

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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. Its annual turnover is approximately NOK 37 billion, and half of its 8,200 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.

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