Veidekke Secures Major Contract for Frysjaparken Housing Project

Veidekke ASA ( (GB:0GF6) ) has issued an update.

Veidekke has secured a NOK 588 million contract to build the fourth phase of the Frysjaparken housing project in Oslo, in collaboration with OBOS Nye Hjem and Stor-Oslo Eiendom. The project, Frysjatunet, will feature 162 apartments and various amenities, with completion expected in 2028. This development is part of a long-term partnership that began in 2018, with Veidekke’s total contract value for Frysjaparken reaching NOK 2.5 billion. The project underscores Veidekke’s strong market position and commitment to developing attractive residential destinations.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK115.00 price target. To see the full list of analyst forecasts on Veidekke ASA stock, see the GB:0GF6 Stock Forecast page.

More about Veidekke ASA

Veidekke is one of Scandinavia’s largest contractors, involved in building and civil engineering projects, road maintenance, and the production of asphalt and aggregates. The company emphasizes stakeholder involvement and local expertise, with an annual turnover of approximately NOK 41 billion. Veidekke is listed on the Oslo Stock Exchange and has consistently posted profits since its founding in 1936.

Average Trading Volume: 88,016

Current Market Cap: NOK21.54B

For detailed information about 0GF6 stock, go to TipRanks’ Stock Analysis page.