Skanska, in cooperation with property company Ferd Eiendom, is starting a new residential area in Oslo, Norway. Skanska’s share of the investment amounts to approximately NOK 220 mln (EUR 27 mln).
Skanska, in cooperation with property company Ferd Eiendom, is starting a new residential area in Oslo, Norway. Skanska’s share of the investment amounts to approximately NOK 220 mln (EUR 27 mln).
Skanska is responsible for the entire construction contract, which amounts to NOK 312 mln, which will be included in fourth-quarter order bookings.
Skanska Residential Development Nordic and Ferd Eiendom each hold a 50% share in the Tiedemannsbyen project company which is the investor in land and buildings for the project.
The first phase of the new Tiedemannsbyen neighborhood will include apartment blocks with 174 units and 25 row houses, in addition to parking for cars and bikes. This is the first of three phases which are planned for the former industrial area that was the site of the Tiedemanns tobacco plant in the Ensjø district of Oslo.
In collaboration with Oslo Municipality, a green profile will be created for the area involving renewable energy, environmentally friendly materials and the preservation of nature values.
Construction work will commence in January 2011 and will be completed by April 2013.
Skanska Residential Development Nordic initiates and develops residential areas for apartment blocks and single-family homes. By mid-2010, the business area had approximately 3,300 new homes in production, of which about 3.000 in the Nordics.
