Veidekke to build apartments for Urbanium in Oslo

Urbanium AS has chosen Veidekke Entreprenør to build 94 apartments in St Halvardsgate in the old town in Oslo. This will be a turnkey contract with a value of NOK 145 million excluding VAT.

Three buildings of five and six storeys will be built on the site at St Halvardsgate 20. The apartments will be from 45 m² to 121 m², and will all have their own balcony or private terrace. The project is centrally located in Oslo, in an established and pleasant residential area near Middelalderparken and Bjørvika. There will be parking spaces both outside and in a covered garage. The development will feature a secluded green area with the main entrances to all three buildings, as well as sunny common terrace areas on the roofs.

The assignment includes demolishing all existing building on the property, planning and building the 94 apartments and exterior areas, parking underground and at ground level, storerooms for the apartments in the basement and associated staircases and lifts.

Work will start next summer if sufficient apartments have been sold and it is planned to have the apartments ready to move into in spring 2014.

For more information please contact:
Rune Andersstuen, Project Manager, Veidekke, tel. 918 33 380, rune.andersstuen@veidekke.no 
Helge Dieset, Communications Manager tel. 21 05 77 91 / 90 55 33 22, helge.dieset@veidekke.no
Silje Strøm, General Manager, Urbanium AS, tel. 926 88 610, silje@urbanuim.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 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 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.