Veidekke

Regulatory Filings • Oct 14, 2022

Veidekke: Refurbishing apartment block in Trondheim

Veidekke: Refurbishing apartment block in Trondheim

Veidekke has signed a collaborative contract with E C Dahls Eiendom to carry the

extensive refurbishment of the building at 12 Nordre Gate in Trondheim's city

centre. The commission is worth approximately NOK 200 million excluding VAT and

has highly ambitious sustainability goals in place.

"We would like to offer our profuse thanks to E C Dahls Eiendom for this

commission. Following our excellent partnership during the pre-project phase, we

are really looking forward to getting started on building work on the project.

We want to prioritise customers who believe in involving us from an early stage

and who are ambitious when it comes to sustainability since that enables us to

meet our own targets too. We think it is particularly important that the project

will be certified in accordance with the BREEAM-NOR standard to an Outstanding

standard, that it will meet FutureBuilt's criteria for circular building upon

refurbishment, and that it has its own defined social, economic and

environmental goals in relation to the final product," says Torgeir Wiig,

Regional Director at Veidekke Bygg Trøndelag.

Among other things, Veidekke will replace building facades, refurbish offices

from the first to the fifth floor, build a new sixth floor for restaurant

operations with a roof garden on top accessible to the public, construct a glass

elevator from the rear courtyard to the restaurant/roof, and re-open the old

rear alley structure during the course of construction. The retail stores at

street level will remain in place and open throughout the construction period.

"E C Dahls Eiendom is very pleased to have Veidekke on board as our partner and

contractor for this project, and we are certain that together we will meet out

ambitious sustainability targets," says Svein Erik Nordbotten, CEO of E C Dahls

Eiendom AS.

Construction works will begin during November, with scheduled completion in

September 2024. The commission is included in Veidekke's order book for Q3 2022.

For further information, please contact:

Regional Director Torgeir Wiig, tel. +47 95 02 07 30, torgeir.wiig@veidekke.no

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

helge.dieset@veidekke.no

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Veidekke 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 38

billion, and around half of its 7,800 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.