Veidekke

Veidekke sells site to Solon

Veidekke Eiendom is selling Staversletta, a site in Bærum municipality, to Solon

Eiendom. The sale will produce a result of approx. NOK 40 million in Q2.

Staversletta is a site approx. 37 decares in size at Tanumplatået in Bærum.

Veidekke Eiendom entered into an options contract to buy the site in 2010. The

site was zoned for 63 semi-detached houses in 2018.

"We have developed the site with creating a good semi-detached house project in

mind, and are very pleased that such a competent player as Solon now wants to

further develop the project. We create value by developing good projects, and

although most of them are being realised, it's also a vital part of our strategy

to realise values by selling projects before they are built," says Anders

Holmlund, Regional Director of Veidekke Eiendom.

For more information, please contact:

Regional Director Anders Holmlund, tel +47 995 62?265,

SVP Finance Jørgen Michelet, tel. +47 917 43?856, [email protected]

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

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

contracts, develops residential projects, maintains roads, and produces asphalt

and aggregates. The company is characterised by involvement and local knowledge.

Revenue is around NOK 36 billion, and half of the 8,600 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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