Veidekke

Veidekke: To complete residential project in Lund for Heimstaden

Veidekke has been contracted by Heimstaden to complete the Råbylund residential

project, which comprises new rental lease apartments in Lund. The design and

build contract has an approximate value of SEK 225 million. Handover of the

completed project is estimated to Q1 2027.

Veidekke takes over the assignment after the bankruptcy of the construction

group Serneke in January of this year. Veidekke's assignment includes the

completion and new production in four stages of 412 residential units with

underground garages. Work on the project starts immediately. The design and

build contract, which will be carried out in close collaboration with the

client, aims for certification in accordance with the Miljöbyggnad Silver

standard. Magnolia Bostad is the project developer.

"At Heimstaden, we are very pleased to welcome Veidekke to the Råbylund team.

Veidekke has extensive experience with large construction projects, and we are

confident in their ability to complete the remaining stages together with

Magnolia," says Mia Boyum, project manager at Heimstaden.

"We are pleased to see the project starting up again, and that we can complete

the work and deliver attractive homes to future tenants, in close cooperation

with Heimstaden and Veidekke," says Mattias Pålsmark, project developer at

Magnolia Bostad.

"Heimstaden and Magnolia's confidence in Veidekke is highly valued. We look

forward to cooperating closely to bring the project to a successful completion

and to deliver high-quality rental lease apartments to the residents of Lund,"

says Fredrik Bergkvist at Veidekke.

More about the project (Swedish): Råbylund - Nyproduktion i Lund -

Heimstaden (https://heimstaden.com/se/nyproduktion/rabylund/)

The contract is included in the Q2 2025 order book.

For more information, contact:

Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +47 907 59 058

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 41 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.

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