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Veidekke

Earnings Release Mar 7, 2022

3781_rns_2022-03-07_833394fe-e4db-47a1-9613-c983d9ef3dfd.html

Earnings Release

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Veidekke: To build more homes on Straume

Veidekke: To build more homes on Straume

Altus Eiendom AS has awarded Veidekke the contract to build the Kysthagen

residential project on Straume in Øygarden municipality outside Bergen. The

project comprises 42 apartments, commercial premises and a parking facility. The

contract is a design and build contract valued NOK 100 million excluding VAT.

"We have been a part of building Sotra Kystby on Straume since its inception in

2009, and we are proud that we once again are part of a construction project

that contributes to shape the new urban centre area of Øygarden municipality.

The project is based on our concept and a joint development process with Altus

Eiendom," says district manager Erlend Bygnes of Veidekke Bygg Bergen.

Kysthagen has been well received in the housing market. The project has great

variation in apartment types, in addition to attractive and adapted outdoor

areas with an associated park, benches, barbecue area and playground. It is only

a short walk to the sea at Straumsundet and Sartor Storsenter with more than 160

shops, restaurants, cinema and other services such as doctor and dentist. Bergen

city centre is a mere 15 minutes by car.

"One of best things for us at Veidekke is when we get the opportunity to use all

of our creativity and expertise in close interaction with the customer. Together

we create good projects that the market wants and that contribute to positive

social development. The partnership with Altus Eiendom has developed over many

years, and we really appreciate the trust they have placed in us once again,"

Bygnes concludes.

Construction work starts this March. More information on the project is

available at https://kysthagensameie.no

For more information please contact:

District manager Erlend Bygnes, +47 97 09 53 33, [email protected]

Communications Manager Helge Dieset, +47 90 55 33 22, [email protected]

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

-Pressebilder-Veidekke/)

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Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)

Veidekke is one of Scandinavia's largest contractors. The company undertakes all

types of construction and civil engineering contracts, maintains roads, and

produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and

local experience. Annual turnover is approx. NOK 38 billion, and around 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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