Veidekke Entreprenør AS has been awarded the contract from Veidekke Eiendom AS to build stage 2 of the Konfektfabrikken housing project at Rodeløkka in Oslo. The contract comprises building 50 new flats with a total sales value of more than NOK 150 million excluding VAT.
Freia operated a chocolate factory at the site from 1889, but production was moved to the neighbouring property a few years ago. In December Veidekke started building the first stage of the housing project consisting of 84 flats with a total sales value of NOK 260 million.
In April 2011 the sale of the 50 flats in stage two started. These were also very well-received in the market, and the decision to build was made after only a week of advance sales.
As of 31 May 2011, 112 of a total of 134 flats in stages 1 and 2 have been sold with a total sales value of NOK 333 million. "Building of stage two has just commenced, and the flats are to be ready in December 2012," says project developer Tor Nordstrøm of Veidekke Eiendom.
Four building stages are planned with a total of 253 flats, with an estimated sales value of more than NOK 900 million. In order to ensure rational and continuous production, the next stage is already planned.
Stage 3 is expected to be put on the market in the autumn of 2011, followed by stage 4 in the spring of 2012. "The project's reception in the market has been singularly positive, and we have great faith that this will also apply to the next building stages," Nordstrøm concludes.
Veidekke is cooperating with the Norwegian Asthma and Allergy Association on building homes with a particularly good and healthy indoor climate. Through conscious choices and well thought out solutions and materials, Veidekke is creating healthy homes.
See more information on the project at www.konfektfabrikken.no
For more information please contact:
Project developer Tor Nordstrøm, Veidekke Eiendom, tel. +47 21 05 7672 / +47 909 57 276, tor.nordstrom@veidekke.no
Project manager Widar Bråten, Veidekke Entreprenør, tel. +47 951 43 775, widar.braten@veidekke.no
Site manager Helene Schiørn, Veidekke Entreprenør, tel. +47 481 75 566, helene.schiorn@veidekke.no
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, road maintenance and recycling. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.
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