Veidekke ASA: Veidekke to build more homes for Thon in Lørenskog

Veidekke Entreprenør AS has been awarded the contract to build the second stage of the Eventyrtunet housing project, close to Lørenskog Storsenter near Oslo. Now 145 flats in three buildings will be built, in addition to the development of infrastructure. The principal is Olav Thon Gruppen through Thongård AS. The project is a turnkey contract valued at NOK 250 million excluding VAT. "The Eventyrtunet housing project is divided into three stages. We started building the first 89 flats in the summer of 2012. While these are being completed, we have now started the second construction stage. This comprises 145 flats with a total floor area of 16,500 m(2). These are distributed over three buildings varying from four to seven storeys over a communal parking cellar," says Odd Arne Lian, head of department with Veidekke. The flats will range in size from 28 to 140 m(2), and all residents will have access to a car-free park-like outdoor area with lawns and plants. Eventyrtunet is centrally located in Lørenskog municipality, 15 minutes from downtown Oslo and less than 10 minutes from Lillestrøm. The buildings will have pile foundations directly on bedrock. They will be built in concrete with façades of plaster, wood and glass/windows. Work is to be completed by the second quarter of 2015. For more information on the project, see www.olavthon.no/Eventyrtunet/ For more information please contact: Head of department Odd Arne Lian in Veidekke, tel. +47 21 05 50 00, odd- arne.lian@veidekke.no Project Manager Jens Petter Hansen in Veidekke, tel. +47 970 44 208, jens- petter.hansen@veidekke.no Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no Director of Residential Sales Ole-Christian Hallerud, Olav Thon Gruppen, tel. +47 23 08 00 00, ole.hallerud@olavthon.no Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co- ownership as important cornerstones. More than half of the employees are co- owners, holding around 20 per cent of the Group's shares between them. The company 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. Illustration Eventyrtunet project: http://hugin.info/172/R/1754300/591924.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Veidekke ASA via GlobeNewswire [HUG#1754300]