Veidekke to Construct New Hoxton Hotel in Oslo

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

Veidekke has been awarded a contract to build a new hotel at Hammersborg near Oslo’s government quarter, in collaboration with Møller Eiendom and AB Invest. The project, valued at approximately 350 million kroner, will feature a unique design and concept, adding a significant new venue to the city. The hotel, part of the Hoxton chain, will include 152 rooms and various amenities, with construction starting soon and completion expected in fall 2027. This project enhances Veidekke’s portfolio and strengthens its position in the Scandinavian construction market.

The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK173.00 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, specializing in construction and civil engineering projects, road maintenance, and the production of asphalt, crushed stone, and gravel. The company is known for its involvement and local knowledge, with a turnover of approximately NOK 41 billion. Veidekke is listed on the Oslo Stock Exchange and has been consistently profitable since its founding in 1936.

YTD Price Performance: 16.80%

Average Trading Volume: 57,798

Current Market Cap: NOK21.16B

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