Veidekke

Regulatory Filings • Nov 7, 2022

Veidekke: Building more homes at Lilleby in Trondheim

Veidekke: Building more homes at Lilleby in Trondheim

Veidekke has signed a contract with Lilleby Eiendom AS to build Smelteverket 1,

an eco-certified apartment building across five storeys with 41 units and

underground parking. The contract is a design and build contract valued at

approx. NOK 130 million excluding VAT.

"We would like to thank Nordr and the other owners of Lilleby Eiendom for yet

another attractive contract. We have had close and excellent collaboration on

the development of the old industrial area at Lilleby. At Veidekke we are very

proud of our contribution to what in many contexts is a pioneering project in

modern urban development," says regional director Torgeir Wiig with Veidekke

Bygg Trøndelag.

Smelteverket 1 will be an apartment building with five storeys above ground and

underground parking and storage areas. The 41 apartments vary in size from 38 to

89 m[2] and will be certified in accordance with the environmental BREEAM-NOR

Very Good standard. 50 per cent of Lilleby Eiendom is owned by Nordr Norge AS,

and 50 per cent by other owners, and it is Nordr that will take on the role of

client in the project.

"We recognise that Lilleby is a flagship in the development of Trondheim, and

apartments continue to sell very well. We have succeeded better than many others

in a turbulent market, and are pleased that we, together with Veidekke, once

again can start construction of a new project without delays," says Urban

Director Anders Teodorsen with Nordr Trondheim.

Construction starts in January, with completion scheduled for the summer of

2024. More information on the project is available at www.nyelilleby.no

For more information please contact:

Regional director Torgeir Wiig, tel. +47 95 02 07 30, torgeir.wiig@veidekke.no

Communications Manager Helge Dieset, +47 90 55 33 22, helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction companies. The company

undertakes all types of construction and civil engineering contracts, 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 7,800 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.