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Veidekke

Regulatory Filings Sep 29, 2020

3781_rns_2020-09-29_da4c6cac-aee3-4319-a875-0d7e00e76f3e.html

Regulatory Filings

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Veidekke ASA: To build velodrome and commercial building in Asker

Veidekke ASA: To build velodrome and commercial building in Asker

Veidekke has been commissioned by the Norwegian Cycling Federation's centre of

expertise and Nordr to build a velodrome and a commercial building with lower

secondary school, kindergarten, offices and retail spaces in Asker municipality.

Both are turnkey contracts worth respectively NOK 158 (velodrome) and 189

million (commercial building), excluding VAT.

The project is called Asker Velo and will have a gross area 15,700 m[2] with

universal design, located in extension from the sports facilities at Risenga.

The velodrome will be built as a combined multi-purpose hall for municipal

purposes in the centre, and the encircling built-up bicycle track will have an

inner circumference of 200 metres. The six-story commercial building will

include two floors with two private lower-secondary schools, two floors of

offices, one floor with a kindergarten and one floor of retail premises.

"We have been developing the project since the autumn of 2019 in partnership

with Nordr and the Norwegian Cycling Federation's centre of expertise in order

to realise it along with the commercial building's tenants. Asker municipality

has also made a very positive contribution to making this great project happen,

and now we are looking forward to getting started with construction," says

district manager Gro Brathovde of Veidekke Bygg Buskerud.

Construction will start as soon as this October. The school and kindergarten

will be ready for the start of the school year in August 2022, while the

remainder is scheduled for completion in the autumn of 2022.

For more information please contact:

District manager Gro Brathovde, tel. +47 91 19 53 54, [email protected]

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

[email protected]

Director of commercial buildings Sverre Stræth in Nordr, tel. +47 97 73 22 90,

[email protected]

Veidekke's 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 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.

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