Veidekke to Build 73 Apartments in Oslo's Bøler for SPG

Veidekke's subsidiary Seby AS has been awarded a contract by Scandinavian Property Group (SPG) to build 73 apartments in Bøler, Oslo. The project will be delivered as a design and build contract, with a contract value of NOK 257 million excluding VAT.

The construction project is expected to commence shortly, with the apartments anticipated for completion in 2026. The initiative aims to provide modern and functional housing solutions in the Bøler area, which is part of Oslo's ongoing urban development. SPG has prior experience working with Veidekke on previous projects.

Specific details regarding the exact start date of construction were not provided, but Seby AS is set to begin work following the contract's signing. The collaboration with SPG has been described as positive, building on past successful engagements and fostering trust for this new undertaking.

This contract reinforces Veidekke's role in the Norwegian construction sector, particularly in residential development within the Oslo region. For SPG, it signifies a continued investment in property development in the capital city.