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The latest update is out from Veidekke ASA ( (GB:0GF6) ).
Scandinavian Property Group has awarded Veidekke subsidiary Seby AS a design-and-build contract for the first phase of the Stovner Torg residential project in Oslo, valued at approximately NOK 350 million excluding VAT. The overall three-phase development will comprise 280 apartments and carry a total contract value of about NOK 670 million, with remaining phases added to Veidekke’s order backlog once sales thresholds are met.
Stovner Torg is one of the winning schemes in Oslo’s Reinventing Cities competition and is billed as Norway’s first large-scale new residential project under the FutureBuilt circular framework, aligned with the EU Taxonomy. Construction of the first 137 apartments, spread across two eight-storey buildings with parking, communal amenities, and landscaped outdoor areas, is set to start in May and finish in the first quarter of 2028, bolstering Veidekke’s Q2 2026 order book and reinforcing its position in climate-focused urban development.
The most recent analyst rating on (GB:0GF6) stock is a Hold with a NOK194.00 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 ASA is one of Scandinavia’s largest contractors, carrying out a broad range of building and civil engineering projects while also maintaining roads and producing asphalt and aggregates. The Oslo-listed group emphasizes stakeholder involvement and local experience, generates annual turnover of about NOK 43 billion, and has a notably high employee share ownership, with half of its roughly 8,000 staff as shareholders.
Average Trading Volume: 83,386
Current Market Cap: NOK25.37B
See more data about 0GF6 stock on TipRanks’ Stock Analysis page.