A partnership agreement has been signed for the OBOS’ Nansenløkka Project and Skanska’s Økern Park Project in Oslo, Norway. The agreement was signed between Skanska AB and OBOS. The latter is one of the largest housing developers in Scandinavia while the former is a multinational construction and development company based in Sweden.
As per the agreement, the two will develop and construct the two residential projects with a total of approximately 700 homes over the coming years. Skanska will reportedly invest Skr525m ($50.1m) to acquire a 50% stake in OBOS’ Nansenløkka project while divesting 50% of its Økern Park Project worth Skr207m to OBOS.
The OBOS’ Nansenløkka Project is located in Fornebu, Bærum. It will consist of 400 units and is expected to begin construction in the last quarter of 2023. In comparison, Skanska’s Økern Park Project in Oslo will feature 300 units. The residential project is also scheduled to commence construction in the last quarter of 2025.
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Other projects than the Skanska’s Økern Park Project in Norway by Skanska AB
In a separate project, Skanska was recently selected by the Norwegian Public Roads Administration (NPRA) for the E10/rv. 85 Tjeldsund-Gullesfjordbotn-Langvassbukt road project in northern Norway. The company will be responsible for road design, construction, and subsequent operations. They will also help in maintenance for 15 years as part of this public-private partnership initiative.
Additionally, Skanska secured a contract in Oslo to construct Campus Ullevål, a new research center. The agreement was signed by Skanska, Campus Ullevål, the Norwegian Geotechnical Institute, and property developer Aspelin Ramm.
These residential projects in Norway signify Skanska’s commitment to expanding its presence in the Norwegian construction market. They also shows their dedication to delivering quality projects in collaboration with reputable partners.