Pan-European residential developer Bonava has signed an agreement for the acquisition of approximately 12,000 m2 of land in the Jessheim district of Oslo, with plans to develop approximately 235 Nordic Swan ecolabelled housing units.
The investment also includes approximately 4,900 m2 intended for commercial premises. The seller is a privately-owned residential developer and the transaction totals NOK 65 mln (€6.5 mln).
The total cost for the project is estimated at NOK 1.1 bn. Bonava will take immediate possession of the property; the start of production for the first housing units is planned for the third quarter of 2025 and completion of the first housing units is planned for late 2027.
'There is significant demand from first-time buyers and seniors for affordable housing in Jesshelm,' said Matilda Vinje, regional manager Oslo, Bonava Norway. 'The zoning plan is in place and we are looking forward to developing a sustainable neighbourhood.'
Jessheim is located 30 minutes from central Oslo and just under 9 kilometres from Gardemoen airport. Schools, preschools and retail shops are all within walking distance from the site in question.
