Veidekke

Regulatory Filings • Aug 24, 2021

Veidekke ASA: To build Majorstuhjemmene nursing home in Oslo

Veidekke ASA: To build Majorstuhjemmene nursing home in Oslo

Veidekke has entered into a contract with Omsorgsbygg Oslo KF to demolish the

existing structures and erect the new, environmentally-certified

Majorstuhjemmene nursing home with 120 places in central Oslo. The commission is

a design and build contract valued NOK 608 million excluding VAT.

The new Majorstuhjemmene will achieve the Breeam Excellent classification, and

construction work will be carried out with a goal of an emission-free

construction site. Existing structures will be demolished, and there are plans

to reuse a range of materials in the new building. The nursing home will

comprise almost 16,000 m[2], and will in addition to the 120 nursing home places

include elderly day care, a café, a library, conservatories and sensory gardens

both on the roof and in the courtyard. The project also includes a public square

facing the Oslo Tramway Museum.

"We're really looking forward to collaborating with Omsorgsbygg on

Majorstuhjemmene. Here they are at the cutting edge with ambitious environmental

goals that we greatly appreciate, and sustainable solutions in every phase of a

construction project is completely in line with Veidekke's ambitions. Our team

is ready to get to grips with planning and building what will be an excellent

nursing home to the benefit of both residents, relatives and employees," says

Head of Department Erik Økland of Veidekke Bygg Oslo.

Construction is scheduled to start in September with completion in January 2024.

For more information please contact:

Head of Department Erik Økland with Veidekke Bygg Oslo, tel. +47 95 05 13 65,

erik.okland@veidekke.no

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

helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction companies. The company

undertakes all types of construction and civil engineering contracts, maintains

roads, and produces asphalt and aggregates. Veidekke emphasises stakeholder

involvement and local experience. Its annual turnover is approx. NOK 38 billion,

and around half of its 8,100 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.