Source - GNW

Following seven years of development, Profier, c/o Tolvkanten Boliger AS, has entered into an agreement with Veidekke Entreprenør to build the project Kilen Bolig with 79 seafront apartments in Tønsberg. This is a turnkey contract valued at NOK 151 million, excluding VAT.

The residential project is next to Presterødkilen with a view of Træla, a few minutes walk from the centre of Tønsberg. Kilen Bolig will comprise three buildings from three to six storeys in height, surrounding a sunny common courtyard. The apartments will range from 1 bedroom apartments 35 m2 in size to 3 bedroom apartments 123 m2 in size, with a high standard that includes waterborne underfloor heating, integrated white goods, a gas fireplace, balcony and lift from the parking garage.

The infrastructure related to the project has been a part of the Tønsberg package, which has greatly impacted progress during the development stage. Veidekke has cooperated with the developer for a full seven years on developing the project with zoning plans and construction of infrastructure along the way.

 "Cooperation with the developer, the external construction manager from Prosjekt Team AS and other involved parties has been excellent throughout. We are dependent on clients with an ability to perform and sometimes almost infinite stamina. We always do what is within our power to help our customers reach their goals, and here long term vision and the ability to resolve major challenges related to the surrounding area has been decisive for us finally getting started on the actual building process," says district manager Lars N. Hjertås of Veidekke Entreprenør AS Telemark/Vestfold.

Ground work has commenced, and the homes are scheduled to be ready for delivery in the spring of 2018.

More information on the project is available


For press photos, see, for more information, contact:
Project Manager Kjell Ingar Wesetrud, tel. +47 94 80 78 44, [email protected]
District Manager Lars N. Hjertås, tel. +47 92 29 71 29, [email protected]
Communications Manager Helge Dieset of Veidekke ASA, tel. (+47) 905 53 322, [email protected]


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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt and aggregates. The company's operations are characterised by involvement and local knowledge. Revenue is NOK 24.5 billion (2015), and half of the 7,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Veidekke ASA via Globenewswire