Veidekke

Earnings Release • Aug 23, 2024

Veidekke: Building sustainable offices in Ålesund

Veidekke: Building sustainable offices in Ålesund

Veidekke has been commissioned by Ulsmo Eiendom to erect an office building that

will receive the Nordic Swan Ecolabel at Holssletta in Ålesund, and Veidekke

itself will be a tenant of the building. The contract is a design and build

contract valued at NOK 193 million excluding VAT.

"Implementing future-oriented construction projects with clear environmental

ambitions for customers who dare to think along new lines is something we

greatly appreciate. This will be one of the first offices in the country with a

low carbon concrete plus façade from our subsidiary Veidekke Prefab, which

significantly reduces greenhouse gas emissions compared to using ordinary

concrete. We appreciate the commission and are already looking forward to moving

in when it is completed," says district manager Stig Mork with Veidekke Bygg

Møre og Romsdal.

The building will be around 6,000 m2 across four floors above ground and a

basement with parking, and on the roof there will be a large terrace that will

be accessible for all of the building's tenants. Flexible wall solutions can

accommodate both office sharing, cubicles, meeting spaces and social zones. A

common canteen may be used for larger meetings and conferences. The traffic

terminal at Moa is within walking distance, and it is a short distance to

traffic hubs regardless of means of transport.

"A quarter of the energy demand for the new building at Holssletta will be

covered by solar panels on the roof. In addition, the landmark building next to

the E39 road will have energy label A, and become one of Norway's two first-ever

Nordic Ecolabelled office buildings. This means very strict requirements to

quality, environmental impact and the construction process," says Nils Peter

Skeide, head of commercial buildings with Ulsmo Eiendom.

"Good meeting spaces with social zones is one of the things we discussed early

on and emphasised in the planning work. We humans are created to meet, and that

is often how knowledge sharing and new ideas come about. The idea with the

design of the areas was precisely that competitors and partners should be able

to meet in various informal ways," says Chairman Ingerid Ulstein of Ulsmo

Eiendom.

Construction starts in October, with completion scheduled for the summer of

2026. The contract is included in Veidekke's order backlog for Q3 2024. Read

more about the project here (https://www.ulsmo.no/eiendom/velkommen-til-nye

-holssletta/)

For further information, please contact:

District Manager Stig Mork of Veidekke Bygg Møre og Romsdal, tel. +47 90 54 26

26, stig.mork@veidekke.no

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,

helge.dieset@veidekke.no

Head of commercial building Nils Peter Skeide with Ulsmo Eiendom, tel. +47 91 53

09 65, nils.peter.skeide@ulsmo.no

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Veidekke (http://www.veidekke.no) is one of Scandinavia's largest contractors.

In addition to undertaking all types of building and civil engineering

assignments, the group also maintains roads and produces asphalt and aggregates.

Veidekke emphasises stakeholder involvement and local experience. Annual

turnover is approx. NOK 43 billion, and almost half of its 8,000 employees own

shares in the company. Veidekke is listed on the Oslo Stock Exchange and has

posted a profit every year since its inception in 1936.