Building more homes for Neptune in Oslo

Neptune Properties AS has awarded the contract for the second construction phase of the Holtet Horisont housing project in Oslo to Veidekke Entreprenør AS as well. The design and build contract is for 47 flats and an underground parking facility. The contract is worth NOK 121 million, excl. VAT.

In the second phase, Veidekke will erect four four-storey buildings containing 47 spacious, three and four-room flats, as well as unique, top-floor flats with large roof terraces. The apartments range in size from 65 m², three-bedroom flats to the largest, 117 m², top-floor flat. The buildings will be constructed in concrete and steel with rendered and brickwork facades with some details in wood.

Neptune has already awarded the contract for the construction of Holtet Horisont I, the project's first construction phase, to Veidekke. The two construction phases comprise a total of 86 flats, with a combined contract value of around NOK 232 million. The projects have generated a great deal of interest and 42 flats have already been sold. The existing buildings on the site are scheduled for demolition during the summer, while the actual construction work is expected to commence in the third quarter of 2016.

"Neptune Properties currently has around 1,200 homes at various stages of development in Oslo. The Holtet Horisont project is a future-oriented housing project with modern flats in one of Oslo's priority areas for denser development. We look forward to continuing the good partnership we have already established with Veidekke in the introductory phase of the first construction phase and are very pleased we have be able to assign both construction phases to such a major, recognised contractor," says Managing Director Tore Økseter.

For more information about the project: www.holtethorisont.no

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project Manager Veidekke Sean Paul Holter Jones, Tel. +47 951 20 335, sean.jones@veidekke.no
Communications Manager Helge Dieset, Tel. +47 905 53 322, helge.dieset@veidekke.no
Managing Director Tore Økseter of Neptune Properties, Tel. +47 918 41 861, tore@npas.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Revenue 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.