Veidekke

Regulatory Filings • Feb 12, 2025

Veidekke ASA: To build new residential block in Råsunda, Sweden

Veidekke ASA: To build new residential block in Råsunda, Sweden

Veidekke has been commissioned to build 244 apartments and non-domestic premises

in Råsunda near Stockholm for the city of Solna's public housing foundation.

Work on the project, a design-and-build contract with a contract value of SEK

609.5 million, starts in February 2025.

The Bollen block in Råsunda is under development under the auspices of

Signalisten, the city of Solna's public housing foundation. Veidekke has now

been commissioned to build a residential block that will comprise 244 rental

apartments, of which six residences adapted to special needs, as well as

premises for a new health center.

"We look forward to working with Veidekke to develop the Bollen block into an

attractive and sustainable section of Solna. This project signals the start of

an expansion phase and a high pace in residential construction," says Lars

Jolérus, CEO of Signalisten.

The project is being implemented as a design-and-build contract, with groundwork

and demolition starting in spring 2025, in parallel with the design phase. Four

new buildings will replace current, lower buildings, while a five-story building

will be preserved. The health center, which has been temporarily relocated, will

move into new premises in one of the buildings. Varying in size from one to five

rooms plus kitchen, the apartments are designed to appeal to a wide range of

target groups.

Plans include a large garage and two new shelters below ground, as well as a

waste disposal facility. The energy supply will incorporate solar panels. The

new buildings will be certified in line with the Miljöbyggnad Silver

environmental standard, which e.g. stipulates low energy consumption.

"We are looking forward to building more rental apartments in a "new" Råsunda

neighborhood. Following years of slow markets, we are excited to be able to

start construction of a large, high-quality rental project," says Linus Wåhlin

at Veidekke Construction Sweden.

The Bollen block is a complex project, presenting such challenges as high

groundwater levels and a metro network under parts of the construction site, in

a busy location, where residents, working businesses and traffic must be taken

into account. The project is scheduled for completion in spring 2029.

The contract is included in the Q1 2025 order book.

For more information, contact:

Jørgen Wiese Porsmyr, CFO, ph: +47 90 75 90 58

Veidekk 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 43 billion, and 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.