Veidekke: To Rehabilitate Prime Property in Oslo

12 Jun 2026 10:45 CEST

Allstad has entered into an agreement with Veidekke's subsidiary Seby AS to
rehabilitate the eight-storey office building at Rådhusgata 1 in Oslo. The
contract is a design and build contract valued at NOK 222 million, excluding
VAT, plus options.

"We are currently completing works at Oslo Hospital for Allstad Eiendom, and we
are therefore very pleased to continue our strong collaboration with them on a
new and exciting rehabilitation project in central Oslo. Rådhusgata 1-3 also has
its own unique history and character, which we will preserve and further develop
into an attractive and upgraded property with high ambitions for quality,
sustainability, and energy efficiency," says Bjørn Ove Liavaag, Managing
Director of Seby AS.

Nearly 11,000 sqm of building space will be upgraded with new technical
installations, rehabilitated façades, and flexible office areas across the upper
seven floors as well as in the ground-floor commercial premises. The upper
floors will be redeveloped with new vertical façades and rooftop terraces, while
the building will be adapted to meet current standards and expectations. The
project will be environmentally certified according to BREEAM In-Use

Excellent and achieve energy class A.

The contract includes an option for interior fit-out and tenant adaptations
which, if exercised, will increase the total contract value to close to NOK 350
million excl. VAT. Construction is scheduled to commence after the summer
holiday, with planned completion in autumn 2028.

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

For further information, please contact:

Managing Director Bjørn Ove Liavaag, Seby, tel. +47 90 69 35 77, bjorn
-ove.liavaag@veidekke.no

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

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Veidekke (http://www.veidekke.com/) 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.

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