Veidekke ASA: Veidekke to build 62 homes at SÃ¸renga in Oslo
Today Veidekke EntreprenÃ¸r was awarded the contract to build 62 flats on the
SÃ¸renga pier in Oslo for SÃ¸renga Utvikling. The project will be executed as a
turnkey contract valued at NOK 205 million, excluding VAT.
In addition to the 62 flats, Veidekke will build commercial premises on the
ground floor of the project. The contract thus comprises a total of 10,100 m(2)
gross area. The building will be constructed of in situ concrete with
prefabricated balcony and stair elements. The faÃ§ades will primarily be brick
with wood details. The flats will be equipped with exclusive kitchen and
wardrobe solutions, parquet flooring with underfloor heating and high-standard
The top flats will have large roof terraces with a sea view, and there will
additionally be a communal roof terrace for all residents. The project has been
well-received by the market, and more than 60 % of the flats have been sold
since sales started.
Veidekke starts concrete work in February, and occupation is planned for the
third quarter of 2015.
See www.sorenga.no for more information about the project.
For more information please contact:
Project manager Arnfinn StrÃ¥lberg with Veidekke, tel. +47 918 37Â 688,
General Manager Espen Pay, SÃ¸renga Utvikling KS, tel. +47 913 10 517,
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22,
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 Sorenga Project:
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