Veidekke

Earnings Release • Jan 30, 2025

Veidekke: New residential commission in Stavanger

Veidekke: New residential commission in Stavanger

Veidekke has been commissioned by Base Bolig and BORI BBL to build the first

stage of 66 apartments, common areas and parking facilities for the Eikeparken

project in Stavanger. The contract is a design and build contract valued at NOK

190 million excluding VAT.

"Base Bolig and BORI BBL have selected us for an interesting construction

commission and we appreciate the confidence shown in us. With an excellent

location next to the bus route at Kristianlyst, we have great faith in

Eikeparken, which is a good fit for our portfolio. We have extensive experience

with similar projects, and are looking forward to continuing our focus on

building housing in blocks," says district manager Bendik Aarstad at Veidekke

Bygg Rogaland.

The project has a quiet and withdrawn location at Kristianlyst, close to schools

and sports facilities. The apartments, ranging in size from 42 to 128 m2, will

be in two buildings six and eight storeys in height. In addition, there will be

a common underground parking facility, event premises, guest bedsits and outdoor

areas.

"We are pleased that the project at Eikeparken is going ahead. We have been

planning for this since 2019 and are looking forward to seeing activity at the

site. Fortunately, after a somewhat slow period in the market, it has picked up

in recent weeks and we have sold several homes. With Veidekke on board, we are

certain that this will be an excellent project that we expect to be ready for

occupation in two years," says real estate developer with Base Bolig, Rune

Bertelsen.

Veidekke will commence demolition work of the old Fjelltun Bible School in

January. The housing project is scheduled for completion in the first quarter of

2027. Read more  (https://eikeparken.no/)about the project here.

This contract is included in Veidekke's order book for the first quarter.

For further information, please contact:

Bendik Aarstad, district manager of Veidekke Bygg Rogaland, tel. +47 911 93 701,

bendik.aarstad@veidekke.no (are.westbye@veidekke.no)

Helge Dieset, Communications Manager, Veidekke, te. +47?90 55 33 22,

helge.dieset@veidekke.no

Rune Bertelsen, Real Estate Developer with Base Bolig, tel. +47 928 06290,

rb@basebolig.no

Veidekkes pressebilder (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

Abonner på meldinger fra Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke (https://www.veidekke.com/) 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.

Annual turnover is approx. NOK 43 billion, and almost half of its 8,000

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.