Veidekke: Building more homes for Ferd in Asker

Veidekke will build also the next construction phase comprising 91 apartments for Ferd Eiendom's residential project Kobberkvartalet at Billingstad in Asker. The contract is a design and build contract valued at close to NOK 240 million, excluding VAT.

"We are pleased with the renewed confidence and that we can continue the strong collaboration on this major project. It is especially gratifying that sales are progressing so well, which is the clearest proof that the homes and the project are meeting market demand. We thank Ferd for the assignment," says Kaare Gilhus, District Manager at Veidekke Bygg Oslo.

Ferd Eiendom will develop approximately 420 homes at Vestre Billingstad, located between Asker and Sandvika. Kobberkvartalet comprises 233 apartments across two construction phases and is an important part of the transformation from an industrial and commercial area into a vibrant residential neighborhood. The second phase consists of three buildings of six to seven storeys with shared rooftop terraces. The 91 apartments range from one-bedroom units of 38 m² to four-room duplex apartments of up to 106 m².

"Deciding to start construction of the next phase is an important milestone for us and a result of solid work in the project over time, combined with very positive market reception. We have strong confidence in Kobberkvartalet and in the qualities the project brings to Vestre Billingstad. We now look forward to continuing the excellent collaboration with Veidekke and their team," says Anders Holmlund, Director of Residential Development at Ferd Eiendom.

A centrally located building with extensive shared facilities for residents will be developed as part of the project. This will include a ski waxing room and a workshop in the basement with shared equipment and tools, as well as a guest apartment available for rent when residents need extra space.

Construction work is already underway, with completion and handover planned towards the end of 2028. Read more about the project here (https://kobberkvartalet.no/).

The contract is included in Veidekke's order book for Q2 2026.

For further information, please contact:

Head of department Kaare Gilhus, Veidekke Bygg Oslo, tel.+47 45 03 01 97, kaare.gilhus@veidekke.no

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no

Project Manager Ingvild Rysstad Mjønerud, Ferd Eiendom, tel. 47 45 22 39 44, irs@ferd.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028 -Pressebilder-Veidekke/) Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner -pa-meldinger/) Veidekke (http://www.veidekke.no) is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approximately NOK 43 billion, and half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.