#Norway #Oslo #Skanska #Entra

Skanska and Entra's Ambitious Office Development in Oslo

In a significant move towards modernizing urban infrastructure, Skanska, in collaboration with Entra, has announced a hefty investment of NOK 1.8 billion to initiate an innovative office project on Christian Krohgs gate 2 in Oslo, Norway. This ambitious venture marks a pivotal change in the local commercial property landscape.

A 50/50 Joint Venture

The project highlights a strategic 50/50 partnership between Skanska and Entra, allowing both entities to combine their expertise in construction and real estate development. The construction contract alone is valued at NOK 900 million (approximately SEK 830 million), which will be recorded in the Nordic order bookings for the first quarter of 2026, indicating an immediate economic impact and future job creation in the area.

Project Details and Timeline

Set for a total floor space of 21,200 square meters, the redevelopment focuses on existing office and commercial structures to provide modern, flexible workspaces tailored to meet contemporary demands. Located conveniently near Oslo Central Station, the project boasts excellent public transport accessibility, enhancing its appeal to future tenants.

Construction is expected to kick off in the second quarter of 2026, with project completion projected around the end of 2029 or early 2030, aligning with Skanska's commitment to long-term urban growth and sustainability.

Emphasis on Sustainability

One of the standout features of this project is its high environmental ambition. Skanska and Entra are aiming for the construction site to adhere to strict BREEAM-NOR v6.0 standards, targeting a ‘Very Good’ rating. This involves establishing a fossil-free construction zone and significantly minimizing greenhouse gas emissions compared to conventional building practices. The project will focus on reducing waste, maximizing material reuse, and implementing energy solutions that elevate the energy efficiency of the building to class A standards.

Benefits to the Community

Beyond enhancing the Oslo skyline, this development is poised to deliver profound community benefits, including job opportunities during both the construction and operational phases. The influx of office space is also expected to stimulate local business growth, driving economic progress in the region.

Synnøve Lyssand Sandberg, Managing Director of Skanska Commercial Development Norway AS, emphasizes that this project is more than just an office complex; it represents a commitment to creating sustainable environments that meet the evolving needs of businesses and communities.

Conclusion

As Skanska and Entra embark on this transformative project, they are not only contributing to Oslo's commercial real estate landscape but are also setting a benchmark for sustainability ambitions in large-scale developments. The upcoming office space promises to be a cornerstone of modern working environments in one of Europe's most vibrant cities, marking a notable chapter in Oslo's architectural and economic narrative.