In addition to the 64 flats, Veidekke will also build an adjacent underground car park, develop parklands with an open surface-water handling system and prepare public green spaces on behalf of OBOS. The assignment represents the second stage of a project development agreement signed in November 2017 under which the parties have collaborated closely to find good solutions for the benefit of future residents.
“This agreement shows that the positive cooperation model developed by Veidekke and OBOS, particularly in Oslo, can also be applied to our operations in Vestfold county. Our shared understanding has resulted in various improvements to the initial proposals, producing the final development plan as it now stands. We are grateful for the assignment, humbled by the task before us and look forward to starting work,” says Veidekke district manager Lars N. Hjertås.
Plans for a new railway line have previously tied up parts of the site and presented the developer with considerable challenges.
“Fortunately, this particular route has now been dropped from the plans, and the restrictions have been lifted. We therefore hope that this agreement will be the first of several construction phases, as the plans for Teieparken encompass approximately 250 residential units in total,” concludes Hjertås.
Read more about the project here: www.obos.no/teieparken
Pictured (from left to right): Hans Olav Sørlie, Veidekke Executive Vice President, Building Construction Norway, and Arne Baumann, Group Head of Property Development at OBOS Boligutvikling.
For more information, please contact:
District Manager Lars N. Hjertås, tel. +47 92 29 71 92, lars.hjertaas@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 building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000 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.
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