Veidekke

Environmental & Social Information • Feb 17, 2021

Veidekke ASA: Signs new contract in Stockholm's first massive wood residential block

Veidekke ASA: Signs new contract in Stockholm's first massive wood residential block

Veidekke is starting construction of a new project in Cederhusen, Stockholm's

first massive wood residential area. The project, with occupancy estimated for

the autumn of 2022, constitutes the last of a two-part design-and-build contract

for Folkhem with a contract value of approx. SEK 108 million.

Cederhusen comprises two residential blocks, and construction is now starting of

the second building on the first block. Of the ten above-ground storeys, the top

eight will be built from massive wood and the bottom two from concrete with

cedar siding. Wooden buildings bind CO\2\, weigh considerably less, make less

noise during construction and are quieter to live in.

"We are excited about the market's reception of the project, which enables us to

develop the entire first block in one go. This is a very unique project and an

important symbol of Folkhem and of wood construction. Veidekke has set high and

clear ambitions for the project, and has an excellent team in place. Their

commitment bodes well for the implementation of the project, as well as for

bringing to Stockholm something absolutely awesome, which will forever and

always be its first inner-city massive wood residential block," says Anna Ervast

Öberg, business and product development manager at Folkhem.

"We appreciate the opportunity to further utilise the expertise we have built

through this amazing and important project. I am proud to see it grow and I look

forward to continuing to take part in the collaboration and commitment that has

made the project possible," says David Grimheden, technical and environmental

manager at Veidekke Sweden.

Cederhusen is under construction at the new metro exit in Hagastaden. When

completed, the residential area will comprise four 10 to13-storey residential

buildings over two blocks built above tunnels for the E4 / E20 motorway.

In connection with the project, a collaborative group has been established with

participants representing all links in the production chain. The group is

working to better understand how to GHG-optimise all activities and processes

necessary for a project like this to go from the drawing board via construction

to a move-in ready house. Two additional research projects studying climate

-optimised construction will be initiated in 2021.

The contract was included in the order book for the fourth quarter 2020.

For more information, contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

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 38 billion, and half of its 8,100 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.