Veidekke

Earnings Release • Jun 30, 2025

Veidekke: Building homes for Ferd in Asker

Veidekke: Building homes for Ferd in Asker

Veidekke will build the first phase of the Kobberkvartalet housing project in

Asker municipality for Ferd Eiendom. The assignment involves the construction of

142 apartments, common areas and a garage basement in a turnkey contract worth

NOK 488 million excluding VAT.

- We are proud and happy to have been chosen to build this great project at

Billingstad in Asker. Kobberkvartalet hits the heart of our strategy where we

have been able to participate in a joint project development with one of our

best returning customers. We thank Ferd for their trust and look forward to the

start of construction in October, says Department Manager Kaare Gilhus at

Veidekke Bygg Oslo.

Kobberkvartalet consists of a total of 420 apartments and is the last large

residential project in Vestre Billingstad between Asker and Sandvika. The

project has varied apartments from efficient one-room apartments of 30 m2 to

larger homes of up to 118 m2. The first construction phase consists of 142

apartments in three buildings of five to seven floors, the common house and the

basement of the entire project.

- Sales have exceeded our expectations and we are very pleased with the great

interest in Kobberkvartalet. With 84 of 142 apartments sold in the first two

sales stages, we look forward to starting construction after the summer. And we

are very pleased to have Veidekke on board, says Housing Director Anders

Holmlund at Ferd Eiendom.

Centrally located in the Kobberkvartalet, a spacious building with communal

areas on several floors will be available for residents to use. There will be a

grease trap and workshop in the basement with equipment and tools that can be

shared, and there will be a separate guest apartment that can be rented when

more space is needed.

Construction work is planned to start in October and move in at the beginning of

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

The contract is included in Veidekke's order book for Q2 2025.

For further information, please contact:

Head of department Kaare Gilhus, Veidekke Bygg Oslo, tel.+47 45 03 01 97,

kaare.gilhus@veidekke.no

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

helge.dieset@veidekke.no

Project Manager Ingvild Rysstad Slommerud, Ferd Eiendom, tel. 47 45 22 39 44,

irs@ferd.no

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Veidekke (http://www.veidekke.no) 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