Veidekke

Regulatory Filings • Nov 6, 2020

Veidekke ASA: Constructing logistics hubs at Vestby

Veidekke ASA: Constructing logistics hubs at Vestby

Veidekke Logistikkbygg has signed a contract with Pareto Eiendomsfellesskap AS

for the construction of Nordisk Dækimport's (NDI) new central warehouse facility

at Vestby to the south of Oslo. The contract is a turnkey contract valued at

approx. NOK 185 million excluding VAT.

The project involves the co-location of NDI's existing warehousing facilities in

Eastern Norway to the Vestby Business Park East in the municipality of Vestby.

Pareto, NDI and Veidekke have worked closely together to develop a building that

satisfies the requirements for a modern, efficient logistics hub. The building

will have a gross area just over 23,500 m[2] and will be adapted to NDI's range

of goods encompassing everything from wheelbarrow tyres to construction tyres.

'Together, we have come up with some fantastic solutions that meet NDI's needs

and ensure the building is very flexible and attractive in terms of long-term

ownership. We have signed a series of new leases at Vestby of late, and this

project confirms the ever-increasing attractiveness of the business park,' says

Jonathan Barfod, Partner and Investment Director at Pareto Alternative

Investments AS.

'Veidekke Logistikkbygg specialises in developing and constructing rational and

efficient non-residential buildings on a turnkey basis. We are grateful for the

vote of confidence and look forward getting to work and engaging in a fruitful

and exciting partnership together with Pareto, who are the biggest lessors of

logistics real estate in the country,' says Roar Kristiansen, General Manager at

Veidekke Logistikkbygg AS.

Construction will commence in the New Year and the project is scheduled for

completion by summer 2022.

For more information please contact:

General manager Roar Kristiansen of Veidekke Logistikkbygg AS, tel. +47 916 90

080, roar.kristiansen@veidekke.no

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

helge.dieset@veidekke.no

Jonathan Barfod, Partner and Investment Director, Pareto Alternative

Investments, tel. +47 95 72 73 40, jab@pareto.no

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Veidekke Logistikkbygg AS is a turnkey contractor that designs, develops and

erects various types of commercial and industrial buildings all over Norway. We

are a team of 25 enthusiastic colleagues with a forecast turnover of NOK 250

million for 2020. Veidekke Logistikkbygg has its offices in Larvik.

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. The company is known for its

engagement and local knowledge. Its annual turnover is approx. NOK 37 billion,

and around half of its 8,200 employees own shares in the company. Veidekke is

listed on the Oslo Stock Exchange and has always posted a profit since it was

founded in 1936.