Veidekke

Veidekke ASA: To build first BaseCamp student housing in Sweden

Veidekke has been commissioned by BaseCamp Student Real Estate to build 589

student apartments in Västra Hamnen, Malmö. The design and build contract has a

value of approx. SEK 448 million and is scheduled to be completed in Q1 2023.

The project constitutes the first establishment of the BaseCamp Students concept

in the Swedish market. The new student housing blocks will be built at

Masttorget in Västra Hamnen, on land currently used as a car park.

"We are very much looking forward to finally stepping across the strait, to

establish in Sweden. With a young and growing population, Malmö is an exciting

city, where the university and students will take on a greater role in the years

to come. We look forward to help strengthen Malmö as an educational centre, with

589 new apartments adapted to students' needs," says Armon Bar-Tur, partner and

CEO of BaseCamp Student.

"We appreciate being entrusted with building BaseCamp's first project in Sweden.

It is inspiring to be able to contribute to such an important project, which

will benefit the students and help make Malmö a more attractive place of study,"

says Cecilia Eneberg, department manager at Veidekke Bygg Syd.

After a phase of collaborative system design, the project is now entering a

design and build contract phase, including design, construction and completion.

Located at the Tåten 1 property in Västra Hamnen, the project includes four

buildings comprising a total of approx. 20,000 square meters, which will

accommodate 589 student apartments, common areas and facilities. The buildings,

which all include basements and vary in heights up to ten storeys, will comprise

a continuous block.

The new residential area is required to meet high environmental and

sustainability standards, and will be certified to Breeam, level Very good.

The building permit has been secured, and the groundwork starts immediately. The

entire project is expected to be completed in the first quarter of 2023.

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

For more information, contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

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

-Pressebilder-Veidekke/)

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

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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 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.

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