Veidekke

Earnings Release • Jan 31, 2024

Veidekke: Building office building in Haugesund

Veidekke: Building office building in Haugesund

Veidekke has been commissioned to build an environmentally certified office and

commercial building on the quayside promenade in Haugesund for Smedasundet

Sytti7 AS (Caiano AS). The building will be 8,500 square meters in size, of

which 6,000 square meters are offices. The contract is a design and build

contract valued at NOK 300 million excluding VAT.

"It can surely be called a milestone that we are now able to announce the full

start-up of construction work at Smedasundet 77 for one of our regular and most

loyal customers in Haugesund. The project, which we have developed over a long

period in partnership with Caiano, now satisfies the Directorate for Cultural

Heritage's requirements, including a copy of the old seafront building façade in

Smedasundet. Yet again, we appreciate the confidence Caiano has shown in us and

are looking forward to implementing a very attractive project," says district

manager Bendik Aarstad with Veidekke Bygg Rogaland.

Tenants DNB and Deloitte have already signed contracts for the office section.

Quality Hotel Maritim will run the canteen in the building during the day, a

restaurant in the premises in the evenings and the conference section with

foyer, seminar rooms and a 125-seat auditorium. The project will be BREEAM

certified as Very Good, which includes the reuse of some materials such as the

concrete from Lille Maritim that will be crushed and reused on site.

"We are pleased to sign yet another contract with Veidekke as we embark on a

construction project that will have great significance for the city, including

an extension of the quayside promenade. We have put a lot of effort into

creating a project to be proud of, and which is both attractive to the tenants

and good for Haugesund," says project manager Martin Laurhammer with Smedasundet

Sytti7 AS.

After the first tenants came on board this autumn, the necessary work in the sea

started quickly in the winter time slot before the spawning season starts. The

groundwork with demolition and piling work as well as the detailed design is

thus well underway already. Start of construction of the new building will now

follow, and everything is scheduled for completion in the new year of 2026..

This contract is included in Veidekke's order book for the first quarter 2024.

For further information, please contact:

Bendik Aarstad, district manager Veidekke Bygg Rogaland, tel. +47 911 93 701,

bendik.aarstad@veidekke.no (are.westbye@veidekke.no)

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

helge.dieset@veidekke.no

Martin Laurhammer, project manager Smedasundet Sytti7 AS, tel. +47 909 54 296,

martin@caiano.no

Veidekkes press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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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 39 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.