Veidekke

Regulatory Filings • Dec 17, 2020

Veidekke ASA: Helping OBOS win prestigious project in Stockholm

Veidekke ASA: Helping OBOS win prestigious project in Stockholm

A new collaborative concept from Veidekke is helping OBOS win rights to develop

the prestigious Gasklockan project in Stockholm's Norra Djurgårdsstaden. Here,

OBOS and Veidekke will build 320 residential units, ground floor business

premises and a preschool. Extending 110 meters above sea level, the new building

will literally put Veidekke and OBOS on the map of the Swedish capital.

"Through this concept for integrated project development, Veidekke is helping to

make the project sustainable and feasible throughout all phases from start to

finish. We are now looking forward to realising the Gasklockan project together

with OBOS," says Charlotta Nilsén, head of Veidekke Bygg Sweden.

In building contracts, various contributors are traditionally only included in

the project after the project concept has been adopted, which can lock the

project to certain processes and result in delays and poorer profitability.

Veidekke's collaborative contract concept is designed to shorten the time from

project concept to project delivery. Focus is on total estimates, including

project development, and the goal is to ensure a win for all parties.

"Veidekke's integrated project development concept enabled us to build a solid

platform for project execution and structure at an early stage, which clearly

helped us win the bid. We are now very excited to collaborate further with

Veidekke in this amazing project, to help provide more homes for Stockholmers,"

says Sofia Ljungdahl, CEO of OBOS Nya Hem.

"The city of Stockholm holds high ambitions for Norra Djurgårdsstaden. This is a

priority urban development project with a high sustainability profile, which is

precisely the type of social development we want to help realise," says Nilsén.

The Gasklockan project will extend 110 meters above sea level, to become a new

landmark in Stockholm's silhouette. Zoning plans for the project have been

adopted, and the next step is to conduct a parallel process with the

municipality to determine the final design and layout of the building.

Construction is estimated to start in 2023, with first move-in by 2026.

Stockholm City will formally confirm its decision regarding land allocation in a

meeting on 17 December.

More about Gasklockan (https://www.obos.se/om-obos/nyheter/obos-vinner-anbudet

-for-gasklockan-i-stockholm)

More about Norra Djurgårdsstaden (https://vaxer.stockholm/omraden/norra

-djurgardsstaden/)

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

-pa-meldinger/)

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.