Veidekke has secured a contract from OBOS to build the third stage of the Teieparken residential project in Tønsberg, Norway.

This contract involves development of 167 environmentally certified homes in four stages of construction that will be initiated as sales advances.

This turnkey contract carries a value of $42.9m (NOK385m), without including VAT for the complete stage.

Veidekke Bygg Vestfold and Telemark district manager Lars N. Hjertås said: “This contract extends the good partnership between OBOS and Veidekke on the Teieparken residential project.

“This started with a partnership agreement on project development back in 2017, which proceeded to the development contract in 2018 for the first 64 apartments that now have been completed. We are grateful for the confidence shown in us to continue building.”

Teieparken will be a green city district in central Tønsberg.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The actual park will be at the heart of the residential community.

Walkways will be developed, along with space allocated for play and recreational areas.

The 167 apartments in the third stage will be buildings of between two and five storeys above underground parking.

OBOS Boligutvikling EVP Arne Baumann said: “Teieparken is a big and important project for OBOS and our members in Vestfold, and we are pleased to extend the partnership with Veidekke Bygg. It is particularly pleasing to us to offer BREEAM certified homes in Vestfold as a part of our environmental initiative in OBOS.”

———————————————————————————————————————

Veidekke to build more homes for OBOS in Tønsberg. Credit: Veidekke/Cision.