Veidekke wins NOK 130M contract for housing project in Tønsberg

Veidekke has secured a NOK 130 million contract from OBOS to construct the third phase of the Teieparken residential development in Tønsberg, comprising 52 environmentally certified apartments.

The turnkey project continues Veidekke’s collaboration with OBOS, which began with a 2017 agreement to jointly develop the site. Veidekke has already completed the first 64 apartments in 2018 and has another 168 units under construction, bringing the total to 232 apartments.

– We are delighted to further our excellent partnership with OBOS on the Teieparken housing project. We humbly thank them for entrusting us with this next phase of construction, said Lars N. Hjertås, Veidekke’s District Manager for Vestfold and Telemark.

Teieparken is being developed as a green, lively neighborhood centered around a public park with walking paths, playgrounds and recreation areas. The 52 new apartments will be spread across two buildings of 3-5 floors above an underground parking garage.

– OBOS’ order ensures continuity which is crucial for both parties. It allows us to maintain the same well-coordinated team of employees and subcontractors on site. We greatly appreciate OBOS’ commitment to launching housing projects in the current market, Hjertås added.

Construction has begun immediately, with delivery of the eco-friendly homes scheduled for spring 2026. The project reinforces Veidekke’s residential portfolio in the Tønsberg area.

The translation was written by an AI system, though the original text was authored by a human.