Veidekke

Earnings Release • Jun 29, 2023

Veidekke: To build residential units in Kävlinge, Sweden

Veidekke: To build residential units in Kävlinge, Sweden

Veidekke has been commissioned by KKB Fastigheter AB to build 124 new rental

apartments in central Kävlinge in Scania, Sweden. With construction starting in

October 2023, homes in the Pilevall, Exporten 54 project are expected to be

ready for occupancy from Q4 2025. The design and build contract is valued at

approx. SEK 217 million.

"We are very happy to be able to press the start button on this important

project in the Stationsstaden district", says Mikael Strand, managing director

of KKB.

"Pilevall brings growth and sustainable development to our community. The urban

exterior will contribute attractive value to central Kävlinge and become an

identity marker. The location near the train station gives easy access to

sustainable travel and proximity to such services as groceries, pharmacy, health

centre, library, restaurants, swimming pool and training facilities", notes

Strand.

Helping to link central sections of Kävlinge, the Pilevall, Exporten 54 project

is centrally located by the railway station and neighbours the swimming pool and

the municipal building, both recent additions to the community.

"We are excited to be able to contribute to the development of the Kävlinge town

centre together with KKB Fastigheter, and to build the winning contribution to

the 2020 architectural competition", says Emil Norén of Veidekke Construction

Sweden.

The contract is included in the Q2 2023 order book.

For more information, contact:

Charlotta Nilsén, EVP Veidekke Construction Sweden, phone +46 070-600 30 87

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

-Pressebilder-Veidekke/)

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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 39 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.