Veidekke

M&A Activity • Jul 1, 2025

Veidekke: To build 162 apartments at Frysja in Oslo

Veidekke: To build 162 apartments at Frysja in Oslo

Veidekke will build also the fourth phase of the Frysjaparken housing project

for OBOS Nye Hjem and Stor-Oslo Eiendom. The assignment is a a design and build

contract worth 588 million kroner excl. VAT.

"We are grateful for the renewed trust and the commissioning of the fourth

construction phase at Frysja. We have now worked with Stor-Oslo Eiendom and OBOS

on the development of Frysjaparken for seven years, in a collaboration

characterized by mutual trust, ambitious goals, and a strong commitment to

bringing out the best in each other. We look forward to continuing this

partnership at Frysjatunet as well," says Morten Barreth, Department Manager at

Veidekke Construction Oslo.

Frysjatunet is located next to the forest in Oslo and comprises 162 apartments

ranging from two to five rooms, with sizes between 44 and 140 square meters,

spread across four buildings of four to seven storeys. The project includes the

construction of a shared basement with storage units, technical rooms, and

parking facilities for bicycles and cars, in addition to a kindergarten, some

commercial space at street level and the development of outdoor areas.

"At Stor-Oslo Eiendom we are very pleased to continue our collaboration with

Veidekke's team at Frysja. This further builds on our joint efforts in

developing Frysjaparken as an attractive residential destination," says Project

Manager Kristoffer Sandstad Hansen.

Since Veidekke broke ground in 2018, they will have built 850 apartments at

Frysja by the time Frysjatunet is completed in 2028. The total contract value

for Veidekke's projects in Frysjaparken amounts to approximately NOK 2.5

billion, excluding VAT.

Construction work at Frysjatunet is already underway, with planned occupancy

starting in the fourth quarter of 2027. Read more about the project

here (https://www.obos.no/bolig/nabolag/frysjaparken#2269).

The contract will be included in Veidekke's order backlog for the second quarter

of 2025.

For further information, please contact:

Head of department Morten Barreth, Veidekke Bygg Oslo, tel. +47 93 88 37 16,

morten.barreth@veidekke.no

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,

helge.dieset@veidekke.no

Project Manager Kristoffer Sandstad Hansen, Stor-Oslo Eiendom, tel. +47 98 08 26

89, kristoffer@soeiendom.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke (http://www.veidekke.no) 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. Its annual

turnover is approximately NOK 41 billion, and half of its 8,000 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.