The partnership between Veidekke Eiendom and REMA Eiendom Øst involves the purchase and development of a larger parcel of land at the waterfront nearby the Oslo Opera House. The goal is to create a complex with 200 residential dwellings, restaurants and a large shop with convenience goods. The seller was Hav Eiendom AS, with the purchase sum comprising NOK 280 million.
"Together with Veidekke Eiendom AS, we will create a dazzling project for both the town and its residents in conjunction with our desires to secure the best possible location for an ultra-modern REMA 1000 shop. By being a partner from the start in this project, we are gaining a number of benefits. These include being able to perform quality assurance on the premises for the shop, ensuring that its design is absolutely optimal," says Project Manager Thomas Dahle of REMA Eiendom Øst.
Attractive parcel of land
The parcel of land itself bears the designation "D1a" and is slightly over 1.6 acres in size (0.65 hectares). It is situated at the heart of the so-called Sørenga at Bjørvika, directly next to the planned Kongsbakken park area. Approx. 2,500 people will be living on Sørenga once the project is fully developed. In addition, the parcel is situated in the vicinity of areas that will become densely populated such as Bispevika and Grønlia.
"This is an extremely attractive parcel of land, where we can develop a good residential environment by the waterfront and the Opera House at a central location in Oslo. We hope to start selling the residences in one year's time, with the first occupancies occurring during the summer of 2015," says project manager Knut Ørn Collett of Veidekke Eiendom.
Joint ownership
The land was purchased by Veidekke Eiendom AS and REMA Eiendom Øst AS, which is wholly owned by Reitan Eiendom AS. Both companies have a 50% stake in the project. The total developed area will comprise 22,500 m2 of usable floor area, of which 17,500 m2 will be for residential dwellings and a maximum of 5,000 m2 will be for commercial purposes.
Very pleased
"We are very pleased with this solution and that a new, solid entity is participating who can contribute to developing Bjørvika," says Eva Hagen, Managing Director of HAV Eiendom AS.
For more information please contact:
Project manager Knut Ørn Collett, Veidekke Eiendom, tel. +47 21 05 75 50 / +47 99 53 09 36, knut.collett@veidekke.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no
Communications Director Solfrid Flateby of Reitangruppen, tel. +47 900 35 897, solfrid.flateby@rsh.no
Managing Director Eva Hagen, Hav Eiendom AS, tel. +47 90 12 60 10, eva.hagen@haveiendom.no
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 18 billion (2011). Activities include building and construction projects, residential developments, asphalt plants, aggregates and road maintenance. 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 characterised by a decentralised organisational model with a strong company culture and a high degree of employeeinvolvement. Over half the employees are co-owners, holding slightly more than 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.