Veidekke

Veidekke: To build Costco's first warehouse in Scandinavia

Veidekke's subsidiary Arcona has been commissioned by Costco Wholesale to build

Scandinavia's first Costco warehouse in Arninge, near Stockholm. The project is

an execution contract that comprises tenant adaptation of 14,000 square metres.

The work starts now and continues until October. The contract has a value of

approximately SEK 145 million.

Costco's first Swedish warehouse is already under construction by Arcona. The

new contract comprises tenant adaptation of the building, which is soon to be

completed and certified to the environmental standard Miljöbyggnad Silver. The

warehouse will include a bakery, meats department, optician, hearing center,

pharmacy and cafeteria. Opening is planned for late autumn 2022.

Costco Wholesale is the world's third largest retail store chain and operates

retail warehouses with a membership club which aims to offer members quality

brands at the lowest possible price. With hundreds of warehouses and offices

around the world, Costco offers a large product range focusing on sustainability

and environmental concerns.

"We are very pleased to now get started with the construction work on site.

Arcona has shown great commitment and good cooperation in the initial phase of

the project. It is with great excitement and pride that we are now establishing

ourselves in Stockholm," says Derek Waddington, Manager - Construction &

Facilities, Costco Wholesale UK Ltd.

"For Arcona, this is a very special project that will be completed in record

time, and in which we work with open books with Costco and their project manager

Turner & Townsend. Early in the process, we engaged our strategic installation

contractors, and through the contract negotiations we have also had the

opportunity to secure deliveries of materials with a long delivery time," says

Niklas Virving, department manager at Arcona.

The contract is included in the order book for the current quarter.

For more information, contact:

Charlotta Nilsén, konserndirektør Veidekke Bygg Sverige, tlf. +46 70-600 30 87

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

-Pressebilder-Veidekke/)

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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. Its annual turnover is

approximately NOK 38 billion, and 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.

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