The Narvesen building at Ensjø to become apartments

The Narvesen building at Ensjø to become apartments

ID: 23810

(Thomson Reuters ONE) -


Veidekke Eiendom is to redevelop the old Narvesen building at Ensjø into 81
attractive apartments across 14 storeys. It is Veidekke Entreprenør who will be
responsible for the redevelopment, and the project will be completed in the
third quarter of 2011. The commencement of the development entails that Oslo
municipality will initiate the development of the Tiedeman park area next to the
project.

Veidekke Eiendom acquired the former headquarters of Narvesen in 2006. Following
a planning and regulation period, the sale of apartments started in November.
The apartments in Marienfryd, which is the name of the project, have a total
sale value of NOK 265 million. "The project has been well-received in the
market. Now 50% of the apartments have been sold, and we will initiate
construction work," says project developer Knut Ørn Collett of Veidekke Eiendom.

"A number of families with small children have bought apartments in the project.
These have bought relatively large flats in the NOK 4 million price range. We
believe that this is due to the flats being spacious with good layouts, direct
access to major park areas, a central location near Lille Tøyen Hageby and a
short distance from the centre of Oslo. There is also a communal roof terrace
and a fabulous view of Oslo," concludes Collett.

An extensive plan has been prepared for public spaces in the area, including the
Tiedeman park. Streams will be opened up, high voltage cables will be laid
underground, grass lots will be prepared for football and other activities and
new paths will be established. 6000 new dwellings are planned for the area and
all developers pay a contribution based on the area they are developing to Oslo
municipality for infrastructure and parks.


See more information on the project at http://marienfryd.no/

For more information please contact:




Project developer Knut Ørn Collett, tel. +47 21 05 75 50 / +47
99 53 09 36,knut.collett(at)veidekke.no
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47
90 55 33 22,helge.dieset(at)veidekke.no


Veidekke ASA is a leading Scandinavian building contractor and property
developer with 6,000 employees and turnover of NOK 15.6 billion (2009). The
group is listed on the Oslo Stock Exchange and has a dispersed ownership
structure with the employees owning 19.3 % of the stock. The business spans a
wide spectrum of building and construction projects, developing housing and
commercial buildings for private and public sector clients, asphalt plants and
road maintenance as well as collecting and recycling waste.


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1430599]








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE



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Bereitgestellt von Benutzer: hugin
Datum: 13.07.2010 - 08:39 Uhr
Sprache: Deutsch
News-ID 23810
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contact information:
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Oslo



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