Veidekke

Regulatory Filings • Feb 2, 2021

Veidekke ASA: To renovate Vasa Real in Stockholm

Veidekke ASA: To renovate Vasa Real in Stockholm

Veidekke's subsidiary Arcona has been commissioned to renovate the Vasa Real

school for SISAB - The Stockholm School Properties Company. The contract amount

is SEK 255 million.

Work starts in January 2021 and is scheduled for completion in time for the

autumn 2023 start of the school year. The execution contract comprises both new

additions and renovation of existing buildings, and the school will be in

operation during construction.

Vasa Real is located in a growth area, with extensive new housing construction

and a corresponding need to increase student capacity. The school, which is

considered of cultural and historical value, consists of two buildings, which

will now be renovated and extended. Three new storeys will be added to an

existing extension from the 1960s. Adjacent to this building, a new four-storey

addition will accommodate a 162 children/nine-department preschool and a rooftop

learning room with a football pitch and play area. Vasa Real's kitchen and lunch

room will be completely overhauled, to accommodate a capacity of 2,700 portions.

A sports hall with eight locker rooms below ground will also be made available

for the use of other municipal schools as well as associations.

"We are very pleased to see another great project come out of our collaboration

with SISAB and the Stockholm education administration," says Lars Karlström,

project manager at Arcona. "We are committed to creating an amazing school and

stimulating learning environment for even more students. With the school in

operation throughout the construction period, our attention will be focused on

logistics, work environment and third parties."

"SISAB and the Stockholm education administration is looking forward to

realising our plans on behalf of Vasa Real's students and staff in collaboration

with Arcona. This is a good project, to which all involved carry a great joint

responsibility towards the school children and the city of Stockholm," says Per

Lundvik, project manager at SISAB.

Arcona has already completed a number of school projects for SISAB, including

Skanskvarnsskolan in Årsta, Framtidens förskola Blågull in Hässelby and Östra

Reals gymnasium in Stockholm.

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

Lars Karlström, project manager Arcona, lars.karlstrom@arcona.se, +46 08-601 21

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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 37 billion, and half of its 8,200 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.