Construction group Veidekke, through its subsidiary Seby, has signed an agreement with Scandinavian Property Group for the first phase of the Stovner Torg residential project in Oslo, valued at approximately NOK 350 million, according to a press release.
This phase comprises 137 apartments. In total, 280 homes are planned across three phases, representing a total contract value of approximately NOK 670 million.
Construction is scheduled to begin in May, with completion slated for the first quarter of 2028.
Veidekke ASA is a Norway-based holding company. Veidekke ASA is the mother company in the Veidekke Group that is a construction contractor that develops, constructs, and maintains construction and infrastructure projects. The Group's segment structure consists of: Construction Norway, a construction contractor with apartment complexes and non-residential buildings such as schools, healthcare facilities, cultural buildings, office buildings, hotels and shopping centers in its portfolio; Infrastructure Norway, an asphalt producer and a civil engineering contractor with projects in the road maintenance, railways, power production and airport segments; Construction Sweden, a construction contractor with a portfolio of construction projects, including schools and cultural buildings; Infrastructure Sweden, which has activities within infrastructure, extractive industries, heavy industry, energy and recycling facilities; and the Denmark segment that is engaged in private commercial buildings.
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