Veidekke ASA: Veidekke to build 62 homes at Sørenga in Oslo

Today Veidekke Entreprenør was awarded the contract to build 62 flats on the Sørenga pier in Oslo for Sørenga 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 façades 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 bathrooms. 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 for more information about the project. For more information please contact: Project manager Arnfinn Strålberg with Veidekke, tel. +47 918 37 688, arnfinn.strå General Manager Espen Pay, Sørenga 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 [HUG#1756105]