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Veidekke

Earnings Release Aug 11, 2025

3781_rns_2025-08-11_7e4a89a5-8862-4673-b049-12cda7eb616c.html

Earnings Release

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Veidekke: Large rehabilitation project in Oslo

Veidekke: Large rehabilitation project in Oslo

OBOS has commissioned Veidekke to rehabilitate their former head office at

Hammersborg Torg in Oslo. The contract is a turnkey contract worth approximately

NOK 300 million excluding VAT.

- This is an exciting project with extensive interior upgrades of the three

iconic buildings Høyblokka, Glassbygget and Mellombygget. Rehabilitation

significantly reduces greenhouse gas emissions rather than building new, so this

will be good for both the environment and the new tenants who will move in. We

thank OBOS so much for the assignment and the good cooperation we have had

during the development phase, says Department Manager Rune Andersstuen at

Veidekke Bygg Oslo.

OBOS has just moved out of its old head office at Hammersborg Torg to

Construction City at Ulven. Veidekke and OBOS have jointly developed the old

head office to meet today's qualities and satisfy the requirements of new

tenants.

The project includes interior rehabilitation of approximately 17,500 m2 of

building stock divided into two office buildings of twelve and four floors

respectively, a reception building and shared basements on three levels. After

completion, the premises will have reduced energy consumption and new technical

facilities. There will be modern and upgraded office space, meeting room

facilities, a canteen, a training room and changing rooms. In addition, a large

underground parking garage will be rehabilitated and new bicycle parking will be

established.

Construction work will begin immediately with planned handover in the second and

third quarters of 2026. The contract is included in Veidekke's order book for Q3

For further information, please contact:

District Manager Rune Andersstuen, Veidekke Bygg Oslo, tel. +47 91 83 33 80,

[email protected]

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

[email protected]

Veidekke's 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 (http://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. 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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