Veidekke Entreprenør has been awarded the contract to implement two phases of construction as part of the residential project at the Tiedemann factory in Ensjø, Oslo. The project comprises a total of 380 apartments, and the contract is worth in excess of NOK 600 million excluding VAT.

'We're delighted to have won this tendering competition which will provide us with continuity in our residential construction work at Ensjø. The Tiedemann factory project fits right in with a series of projects we have been involved in the construction of in this area on behalf of OBOS, Urbanium, Wilhelm Jordan and Veidekke Eiendom,' says Department Manager Anders W. Haugen of Veidekke. 

The Tiedemann factory will be located in peace and quiet at the end of a cul de sac, surrounded by areas of parkland, small houses and new buildings - all just a few minutes' walk from the Ensjø and Hasle metro stations. The buildings featuring 2, 3 and 4 room apartments will be built using concrete cast on site, with façades comprising primarily bricks or sheet metal and timber cladding. Most of the construction work in terms of groundwork, timber, masonry, and concrete will be carried out by Veidekke's own skilled workers.

'On behalf of Veidekke and the team that worked on the project, I would like to thank Selvaag Bolig og Ferd for the confidence they have shown in us. We are pleased to able to continue the excellent partnership we have established with Selvaag Bolig at Kolbotn and Lørenskog. We're now looking forward to realising yet another beautiful residential project in this area of Oslo,' said Veidekke's CEO, Arne Giske, when the contract was signed.

There has been a lot of interest in the apartments, with good sales so far. Works to demolish the existing buildings on site will commence in September 2016, while construction will begin in the first quarter of 2017.

The first construction phase - worth NOK 270 million - will be included in Veidekke's order backlog for the second quarter of 2016.

Caption (left to right): Baard Schumann (CEO of Selvaag Bolig), Carl Brynjulfsen (Director of Ferd Eiendom) and Arne Giske (CEO of Veidekke) are looking forward to cooperating on the construction project at the Tiedemann factory.

For more information about the project: http://www.selvaagbolig.no/oslo/tiedemann/#HP4kkKFMXAyEZPlS.97


For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Department Manager Anders W. Haugen, tel. 97 66 63 14, anders.haugen@veidekke.no
Project Manager Kaare Gilhus, tel. 45 03 01 97, kaare.gilhus@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22, helge.dieset@veidekke.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 is 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Press photo new agreement
Illustration Tiedemannsfabrikken


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Source: Veidekke ASA via Globenewswire
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