Veidekke

Veidekke ASA: To renovate the Rosenbad block in central Stockholm

Veidekke has been commissioned by the National Property Board Sweden to remodel

and renovate the Rosenbad block in Stockholm. The project, which will be carried

out as a general contract, will begin in April and is planned to be completed by

April 2021. During the renovation, the government offices currently located

there, will move to other Government Quarter premises. The contract amount is

estimated at SEK 500 million.

"We have considerable experience from renovation work in confined inner city

environments and having the opportunity to work at Rosenbad feels very

inspiring," says Anders Rauge, business manager at Veidekke's subsidiary Arcona,

which will undertake the renovation.

The Rosenbad block was built as a bank between 1895-1900. Since the government

administration moved in in the early 1980s, the building has received regular

maintenance only, and now needs the thorough renovation that Arcona has been

commissioned to carry out. The Rosenbad project is part of the larger renovation

of the Clara district and will continue until 2021.

The renovation will provide safe, energy efficient, representative and flexible

premises for the government administration as tenant. Ensuring rational

operations and good future management are other important goals for the National

Property Board Sweden. The renovation measures are implemented with a 20 to 30

year perspective.

See www.sfv.se/byggprojekt/rosenbad for further information about the Rosenbad

project.

Arcona, which has been a Veidekke subsidiary since year-end 2013, builds and

develops properties in Stockholm and Uppsala, Sweden. The company had revenue of

SEK 2 billion in 2018.

For press photos, see www.flickr.com/photos/veidekke, for more information,

contact:

Anders Rauge, business manager Arcona, [email protected], ph. +46 08-601 21

Peter Wallin, project owner and property manager at National Property Board

Sweden, [email protected], ph. +46 010-478 72 84

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its involvement and

local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000

employees own shares in the company. Veidekke is listed on the Oslo Stock

Exchange and has always posted a profit since it was founded in 1936.

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