Veidekke

Earnings Release • Mar 10, 2025

Veidekke: Sustainable construction project in Vågsbygd

Veidekke: Sustainable construction project in Vågsbygd

Veidekke has signed a contract with Lumber AS (Skeie Eiendom/the Eidjord family)

to construct a seven-story environmentally certified office building in Vågsbygd

outside Kristiansand. The project is a turnkey contract worth just over NOK 160

million excl. VAT.

"Environmentally and climate-friendly projects are something we greatly

appreciate being able to carry out. It is particularly nice to have a new

customer in Skeie Eiendom with such a strong and clear commitment to sustainable

and innovative construction projects. We look forward to a mutually good

collaboration and thank you as nicely as we can for the project and the trust,"

says district manager Atle Monan in Veidekke Bygg Agder.

The project has been named Lumber 5 and will be approximately 6,600 m2 spread

over seven floors. The building will be certified according to the environmental

standard BREEAM-NOR Very Good with energy class A. Emphasis is placed on

circular and sustainable use of materials and great flexibility in the floor

plans. The supporting structure will be made of glued laminated timber, the

facade will be clad with pine heartwood and there will be solar panels on the

roof.

The first floor will contain a canteen, laboratory, workshop, warehouse and

auditorium for approximately 60 people, while the second floor will be a gym

with changing rooms. The remaining floors are planned to have flexible office

space that can be adapted to the tenants.

"We continue the construction of sustainable buildings and have emphasized

Veidekke's experience with this and the company's implementation ability. This

is building number five in our development of Lumber Teknopark, which will

accommodate a total of 58,000 m2 of commercial space," says CEO Tom Bredesen of

Skeie Eiendom.

Construction work will begin immediately with completion planned for the summer

of 2026. The contract will be included in Veidekke's order reserve for the first

quarter of 2025.

For further information, please contact:

District Manager Atle Monan, tel. +47 90 79 15 60, atle.monan@veidekke.no

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

helge.dieset@veidekke.no

Tom Bredesen, CEO Skeie Eiendom, tel. +47 90 11 45 56, tom.bredesen@sgr.no

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

-Pressebilder-Veidekke/)

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Veidekke (https://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.