Veidekke

Regulatory Filings • Jan 25, 2019

Veidekke to build for Framtiden Byggutveckling

Veidekke to build for Framtiden Byggutveckling

Framtiden Byggutveckling has awarded Veidekke the contract to build the second

stage of Mandolingatan in Västra Frölunda outside Gothenburg. It is a part of

BoStad2021 and will be carried out as a turnkey contract with 130 rental

apartments and a contract value of approximately SEK 273 million. Construction

is scheduled to start in the spring of 2019.

The stage comprises four new apartment buildings with 130 rental apartments and

two commercial premises at ground level. The quarter will also include a seven

-storey parking garage with more than 350 parking spaces.

"Veidekke is a new contractor to us and we are looking forward to working with

them in a scheme where we establish a cost-effective project in cooperation,"

says Anna Runesson, project manager with Framtiden Byggutveckling.

Mandolingatan is a project in the BoStad2021 venture where parallel processes

are at work to produce 7,000 extra homes by 2021. This is being done in

cooperation with the City of Gothenburg and municipal, private and cooperative

construction players. Poseidon will own and manage the completed homes in

Mandolingatan.

"We are very pleased and proud that Framtiden Byggutveckling selected us for the

assignment and that they appreciate our involving way of working for the best

possible collaboration. When we make use of everyone's knowledge and experience,

we can build safely with the highest quality and greater profitability," says

Mattias Bylerius, project manager with Veidekke Bygg Väst.

For more information, contact:

Mattias Bylerius, project manager with Veidekke Bygg Väst,

mattias.bylerius@veidekke.se, +46 0761-26 40 26

Anna Runesson, project manager with Framtiden Byggutveckling,

anna.runnesson@framtiden.se, +46 0701-46 96 56

For press photos, see www.flickr.com/photos/veidekke

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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 32 billion, and half of its 8,000

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.