Veidekke

Regulatory Filings • Feb 7, 2019

Veidekke to build 122 unique cooperative apartments for HSB Göteborg

Veidekke to build 122 unique cooperative apartments for HSB Göteborg

HSB has awarded Veidekke Bygg the contract to build brf Blanka at

Lindholmshamnen in Gothenburg, Sweden. The project is a design and build

contract valued at approx. SEK 320 million. Brf Blanka is to be built in

accordance with the Nordic Swan Ecolabel, with environmentally friendly

materials, green roofs and solar panels.

The contract is for the construction of six house frames of three to seven

storeys, comprising 122 apartments, basement, garage and five commercial

facilities at ground level. The building has exciting architecture, with roofs

decked in soft sedum, starkly contrasting the facades of shingelled tile-panels.

Construction has already started, with estimated completion of the building

project in the spring of 2021.

"We were extremely pleased to hear that HSB has chosen Veidekke to build brf

Blanka. We especially appreciate that HSB esteems our working method of involved

collaboration, which helps secure a safe workplace and timely, high quality

deliveries, ensuring customer satisfaction and higher profitability," said

Mattias Bylerius, construction manager at Veidekke Bygg Väst.

"We are very pleased to start work on building brf Blanka. With its attractive

location close to the water in the city centre, it is a long-awaited project

among HSB's home saving members," says Rickard Fränberg, project manager for new

production at HSB Göteborg.

Lindholmshamnen is located a stone's throw away from downtown Gothenburg, with

easy access to Ramberget and Keillers park, with one of Gothenburg's finest

views. The building will therefore include a bicycle lounge for the exclusive

use of brf Blanka residents. The workshop and lounge, including soft sofas and a

pantry, will form a natural oasis in the building.

"In the brf Blanka project, we will be specifically targeting involvement. When

we work together and think together, we have more fun and take more

responsibility - and the work is done to a higher standard of security,

efficiencly and profitability. This project will be performed using VDC, Virtual

Design Construction, a method to execute design, building and operations

processes more efficiently. The VCD work will be carried into production, e.g.

in the handling of digital drawings. VDC is a part of Veidekke's working method

of enhanced involvement to achieve a more efficient work flow.

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

contact:

Mattias Bylerius, construction manager Veidekke Bygg Väst, +46 761 26 40 26,

Mattias.Bylerius@veidekke.se

Stephan Woodbridge, regional manager Veidekke Bygg Väst, +46 705 81 97 20,

Stephan.Woodbridge@veidekke.se

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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.