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Veidekke

Regulatory Filings Aug 28, 2019

3781_rns_2019-08-28_81dcd141-cdc9-4452-a7f8-c0ddaa4bd4f5.html

Regulatory Filings

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Veidekke ASA: To build for Frydenbø in Bergen

Veidekke ASA: To build for Frydenbø in Bergen

Veidekke will erect the commercial building "Kilen" at Damsgård in Bergen for

Frydenbø Eiendom. The environmentally certified project comprises a total of

10,000 m2 new buildings with offices and parking, in addition to outdoor work

and technical infrastructure. The design and build contract has an overall value

of NOK 135 million, excluding VAT.

This building stage of Frydenbø Eiendom's industry cluster at Damsgård consists

of a four-storey parking facility and two office blocks of three and four

storeys respectively. The blocks will be linked at the ground level, and will

have a common entrance and outdoor area. The project also includes the

demolition of two older buildings and the establishment of a seawater intake for

its own heating plant.

"Damsgård is an interesting development area in Bergen that is characterised by

a transformation from industry to offices and residential, and it is very

pleasing to be a part of Frydenbø Eiendom's strategy for business here. We are

grateful for the confidence shown in us and the excellent collaboration on

developing the project into an exciting, modern and future-oriented BREEAM

certified environmental building," says district manager Erlend Bygnes of

Veidekke Bygg Bergen.

Damsgårdssundet has always been characterised by future-oriented business

activities. Frydenbø has more than a 100 years of tradition here, and is taking

its industrial heritage into the future in an attractive and maritime

environment with both new builds, renovations and modernisations of existing

buildings.

Construction work starts in September, with completion scheduled for November

For more information, contact:

District Manager Erlend Bygnes, tel. +47 970 95 333, [email protected]

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

[email protected]

EVP of Frydenbø Eiendom, Håvard Fjæreide, tel. +47 90 84 77 10, [email protected]

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its involvement and

local knowledge. Annual turnover is approx. NOK 36 billion, and around half of

its 8600 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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