Veidekke

Regulatory Filings • Jun 8, 2020

Veidekke ASA: To build central Stockholm's first massive-wood residential block for Folkhem

Veidekke ASA: To build central Stockholm's first massive-wood residential block for Folkhem

Veidekke's Swedish building construction unit has been commissioned by Folkhem

to build the first stage of Cederhusen, which will be Swedens largest massive

-wood residential block. Folkhem is partially owned by Veidekke Eiendom. The

project is a two-part collaborative design-and-build contract, the first part of

which has a value of approx. SEK 140 million. The first units will be ready for

occupancy in early 2022.

"Cederhusen has met with great interest in the residential market, confirming

the uniqueness of this project in both a national and an international

perspective. The decision to start construction is an important milestone, and

we are now looking forward to the scent of wood flowing through Hagastaden, once

the ten-storey timber frame is up," says Anna Ervast Öberg, who is responsible

for project development for Cederhusen.

Work on the first ten-storey massive-wood building will start over the summer,

as soon as the foundation is ready. The building frame will be constructed in

massive wood and covered with cedar shingles, with the exception of the bottom

two storeys, which are being erected in concrete. Wooden buildings have the

advantage of binding carbon dioxide, as well as being lightweight and quieter

during construction and use.

"We are very excited to start construction of this incredible project. Through

good collaboration and lean construction methods we are going to create a new

Stockholm landmark, says David Grimheden, regional director, Veidekke Trähus.

The Cederhusen residential block is being built above the E4 / E20 tunnels and

next to the new Hagastaden metro entrance. Four residential buildings of from 10

to 13 storeys will house 234 residential units comprising from 25 to 202 sqm

living space, with varied floor plans, including from one to eight rooms and

kitchen. The units will feature classic Scandinavian design, characterised by

good craftsmanship and natural materials, with wood details reflected in the

interiors.

More about the

project: www.folkhem.se/nyproduktion/stockholm/vasastan/hagastaden/cederhusen/

For more information, contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-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 39 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.