Expanding Fredrikstad City Center

Shopping center company Scala Retail Property and the local property developer Værste AS invests MNOK 2,000 (€217M) in Fredrikstad city center.

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Expanding Fredrikstad City Center

Norway — Shopping center company Scala Retail Property and the local property developer Værste AS invests MNOK 2,000 (€217M) in Fredrikstad city center.

2016-06-10

The duo is going to build a 20,000 sqm shopping center, 6,000 sqm street-based trading, 250 apartments, 10,000 sqm offices and 700 underground parking spots.

The shopping center and the first apartments will be ready in time for Christmas shopping 2019.

“The prognosis shows that Fredrikstad, Drammen and Oslo are cities that will expand the most going forth. With Værsteområdet in the city center and the solid investors that want to invest close to NOK 2 billion we can start a positive development in Fredrikstad” says Trond Delbekk, CEO at Værste AS.

Eddie Ekberg

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