Veidekke

Veidekke ASA: To build homes for SKB in Stockholm

Veidekke has been contracted by SKB, Stockholms Kooperative Bostadsförening, to

build 128 new cooperative rental apartments in Hagastaden, Stockholm. The

Kvarteret Lysosomen project is a design and build contract worth SEK 295

million. Construction starts in Q3 2019, and the project is currently expected

to be ready for occupancy in the autumn of 2022.

The buildings comprise up to twelve floors, with an inner courtyard and

commercial premises at the lower levels. When construction starts in Q3 2019,

the garage is the first to be built. Construction will then pause while the City

of Stockholm completes the street, after which the actual buildings will be

erected.

"We are thrilled to be entrusted with this project and look forward to a close

and involved collaboration with SKB. Kvarteret Lysosomen is Veidekke's fifth

project in Hagastaden. We have confidence in our presence there and in our

relations with the city and the surrounding property owners' ongoing projects,"

says Gunilla Lindgren, department manager at Veidekke Bygg Bostäder Stockholm.

The Hagastaden district in Stockholm is planned for completion by 2025, with

approx. 50,000 jobs and 6,000 residential units. Hagastaden comprises

educational institutions, companies, research institutes, hospitals, cafes and

restaurants, cultural and service buildings and parks - including one of

Stockholm's largest park initiatives, connecting Hagastaden with Hagaparken. The

metro station Hagastaden, with four access points, will be located on the new

"Gula linjen" (Yellow Line), which will connect Odenplan with Arenastaden in

Solna.

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

contact:

Gunilla Lindgren, dept. manager Veidekke Bygg Bostäder Stockholm,

[email protected], +46 073-662 52 06

Arne Svensson, regional dir. Veidekke Bygg Bostäder Stockholm,

[email protected], +46 070-512 14 90

Jimmy Bengtsson, EVP/Country Manager Veidekke Sweden,

[email protected], +46 070 537 91 10

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 36 billion, and half of its 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.

AI Terminal