Veidekke has signed a contract with OBOS to build yet another stage of the major residential project at Ulven in eastern Oslo. The contract includes building 180 apartments, a parking facility, guest parking and a kindergarten with six units. The contract is a design and build contract valued at NOK 523 million excluding VAT.
Ulvenkroken is the third project to be built by Veidekke at Ulven. The finished project will have beautiful parks and market squares in the immediate vicinity, underground parking and car-free sections of street on both sides. The location is central in what will be the new Ulven, with only a short walking distance from the shopping centre and metro station at Økern.
“We are pleased with the confidence placed in us and are appreciative of yet another contract here at Ulven. For Ulvenkroken, together with OBOS and our partners in Team Veidekke, we have further developed our efficient collaborative model in order to build attractive homes that most people can afford,” says EVP Hans Olav Sørlie with Veidekke Bygg.
“The contract with Veidekke ensures progress in the development of Ulven and Hovinbyen. These are demanding times for housing producers with the current market situation and commodity prices. With a tight housing market in the Oslo region, it is important for OBOS to maintain the start-up of new projects to ensure members access to new housing. Veidekke delivers efficient projects, which is crucial when we build around 2,000 homes on Ulven in the next few years,” says Arne Baumann, Executive Vice President for Housing Development at OBOS.
Construction work starts in August with completion scheduled for before Christmas in 2024. Find more information about the project at www.obos.no/ulven
The contract is included in Veidekke’s order backlog for the second quarter. Team Veidekke DA comprises Veidekke Bygg Oslo, Bravida Norge, LPO Arkitekter, Multiconsult, Dr techn. Olav Olsen and Landskaperiet.
For further information, please contact:
Head of Department Kaare Gilhus at Veidekke Bygg, tel. +47 45 03 01 97, [email protected]
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22, [email protected]
Veidekke is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Annual turnover is approx. NOK 38 billion, and around half of its 7,800 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.