Veidekke

Veidekke ASA: To build rental apartments for Aberdeen in Gothenburg

Veidekke has been commissioned to build 160 rental apartments in Sisjödal,

Gothenburg for Aberdeen Standard Investments. The project is a design and build

contract that encompasses four buildings. The contract amount is NOK 208

million, and move-in for the first completed units is planned for August 2022.

The Sisjön project was developed and projected by Veidekke Entreprenad in

collaboration with Nordr Eiendom, formerly Veidekke Eiendom, from whom Aberdeen

bought the project. With the building permit and notice to proceed in place for

the 160 apartments, production has recently started.

"We are excited to be working with Aberdeen Standard Investments, which is a new

customer for us," says Christer Carlberg, construction supervisor for Veidekke

Bygg Väst.

"Together we will build a first-rate project, which I am sure will lead to

further collaboration. The Sisjön project is a consortium involving our

construction and civil engineering units and Veitech, and such collaborations

are among Veidekke's fortes," says Carlberg.

Sisjödal is a larger development between Sandsjöbacka nature reserve and

Sisjön's commercial area in southwest Gothenburg. When completed, the area will

comprise approx. 550 homes.

"The Sisjödal rental project is a good fit with what we are looking for: Modern

apartments in attractive areas surrounding the big cities, with proximity to

services and communication, and designed from a long-term management

perspective, which results in environmentally efficient properties. We

appreciate the opportunity to carry out this project in collaboration with

Veidekke Entreprenad, says Magnus Kenning, Head of Transactions Sweden at

Aberdeen Standard Investments.

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.

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