Skanska has signed a contract with developer Andenæs Eiendom worth US$38.5 million to build the next phase of the ‘Helgerudkvartalet’ urban development in Sandvika, Norway.
The contract is worth NOK410 million (US$39 million) which will be included in the Nordic order bookings for the Q1 of 2023. In this project phase, there will be a mixed-use structure with 8,500 sq m of residential space and 8,200 sq m of commercial space. The lower floors include shops and restaurants, and the higher floors contain three residential towers with 86 apartments.
Construction is scheduled to start in December 2023 and completion is scheduled for the Q4 of 2025.
Country updates
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March 24, 2023
Ancala Partners closed acquisition of Fjord Base Holding Group
Ancala Partners (Ancala) has announced its acquisition of a 75% stake in Fjord Base Holding Group (Fjord Base). Fjord Base is run by founding partners Semi AS and the WIS Group. In order to...
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March 20, 2023
Vauban closes debt refinancing transaction for Boreal Holding
Vauban Infrastructure Partners has announced the closing of a NOK3.2 billion (US$297.38 million) senior debt refinancing transaction for Boreal Holding AS. The refinancing was accomplished by combini...
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February 28, 2023
Construction begins for Museum of the Viking Age PPP project in Norway
Statsbygg has announced the beginning of construction of the Museum of the Viking Age public-private partnership (PPP) project on the Bygdøy peninsula southwest of Oslo, Norway. The US$370 mil...
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February 03, 2023
Telenor divested 30% of Norwegian Fibre to KKR-led consortium
The KKR-led consortium has completed the acquisition of a 30% stake of around NOK10.8 billion (US$1 billion) in Telenor's passive fibre infrastructure company, Telenor Fiber in Norway. The trans...
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January 13, 2023
Contract awarded for E03 Boknafjord Tunnel PPP Project in Norway
The Norwegian Public Roads Administration has awarded the contract for the E03 Boknafjord Tunnel project to a joint venture (JV) in Norway. The project includes an 8.6 km long tunnel with two tu...
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