Veidekke

M&A Activity • Apr 7, 2022

Veidekke: Ready for Kilen Trade Park in Tønsberg

Veidekke: Ready for Kilen Trade Park in Tønsberg

Veidekke Logistikkbygg and Kilen Syd AS (COOP, Canica and Profier) have after

many years of planning and development work finally signed a contract to build

the bulk shopping centre Kilen Handelspark in Tønsberg. The Contract is a design

and build contract valued at almost NOK 370 million excluding VAT.

"Profier and Veidekke started work on the trade park as far back as 2008, so in

this case it has been a very long journey from start to finish. Our good

partnership has been developed through several other previous projects,

including Kilen Bolig that Veidekke built for Profier a few years ago. Now we're

looking forward to finally starting construction, and we greatly appreciate the

contract," says general manager Roar Kristiansen of Veidekke Logistikkbygg AS.

Kilen Handelspark will comprise approximately 20,000 m[2] gross area and will

comprise a total of ten different major traders. Construction will be carried

out in a working partnership between Veidekke Bygg and Veidekke Logistikkbygg.

"We're pleased to finally start building Kilen Handelspark. There have been

challenging planning processes and numerous obstacles along the way. Thanks to

persevering owners and a good and constructive partnership with Veidekke, we are

soon ready to lay down the cornerstone. We are experiencing significant interest

from major tenants and are sure this will be an attractive trade location when

it opens in 2024. We also have further plans to develop homes and rehabilitate

Tolvkanten," says project manager Jon Lerstang of Profier AS.

Construction work will start before the summer and will be carried out in two

years. The commission is included in Veidekke's order backlog for the first

quarter.

For more information please contact:

General manager Roar Kristiansen of Veidekke Logistikkbygg, tel +47 91 69 00 80,

roar.kristiansen@veidekke.no

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

helge.dieset@veidekke.no

Project manager Jon Lerstang with Profier, tel +47 98 24 92 51,

jon.lerstang@profier.no

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Veidekke Logistikkbygg is a design and build contractor that designs, develops

and erects various types of commercial and industrial buildings all over Norway.

We are 25 enthusiastic colleagues in Larvik who had a turnover of approximately

NOK 575 million in 2021.

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 8,000 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.