Veidekke

Earnings Release • Dec 23, 2022

Veidekke ASA: To renovate office building in Stockholm

Veidekke ASA: To renovate office building in Stockholm

Veidekke's Swedish subsidiary Arcona has been commissioned by Fabege AB to

renovate and expand the property Kv. Påsen 1 in Hammarby Sjöstad, Stockholm. The

design and build contract has a value of approx. SEK 221 million. Work starts in

January 2023 and is planned for completion in December 2024.

Kv. Påsen 1, originally a bag factory which currently comprises offices, was

built in 1955, in an industrial area that was developed in stages in the 1930s,

-40s and -50s. The property will now be upgraded and expanded to approx. 12,600

m[2] of modern office premises, designed to meet the wishes and requirements of

tomorrow's workplace. Upon completion, the building will be certified in

accordance with BREEAM Bespoke level Excellent.

In the project's first phase, Arcona and Fabege started building design and

production preparations, and are now moving on to phase 2.

"We are very much looking forward to developing Kv. Påsen 1 with Arcona.

Hammarby Sjöstad is a lively and welcoming district. With Arcona's

contributions, the property will, in its new form, add both to the cityscape and

to the contents of the site," says Stefan Windefalk, director of project

renovation at Fabege.

"Arcona is very much looking forward to carrying out the renovation and

expansion of Kv. Påsen 1, together with our customer Fabege. The project has a

strong environmental and sustainability profile, which we are especially excited

to contribute to, says Mimmie Sundin, business director at Arcona.

The contract is included in the Q4 2022 order book.

For more information, contact:

Mimmie Sundin, business director Arcona +46 08-601 21 18

Stefan Windefalk, director, project renovation at Fabege, telefon +46 070-496 23

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Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

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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 38 billion, and half of its 7,800 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.