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Veidekke Partners with Union Residential Development for Residential Scheme in Norway

MT Newswires·10/01/2026 04:07:34
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04:07 AM EDT, 10/01/2026 (MT Newswires) -- Veidekke (VEI.OL) signed an agreement with Union Residential Development to develop a residential project in Oslo, Norway. The Norwegian builder will buy a 25% stake in the project for 100 million Norwegian kroner and serve as its design-and-build contractor, while the developer will hold the remaining 75%, according to a Thursday release. The Sandakerveien residential project comprises 450 homes to be developed in several phases, with completion expected in 2032 and an estimated total construction revenue of 1.6 billion kroner.