Veidekke

Regulatory Filings • Mar 17, 2022

Veidekke: To sell industrial plot in Nykvarn near Stockholm

Veidekke: To sell industrial plot in Nykvarn near Stockholm

Veidekke's Swedish industrial operation has entered into an agreement with the

logistics property provider NREP Logicenters regarding the sale of Veidekke's

industrial plot at Snebro outside Nykvarn, south of Stockholm. Completion of the

transaction is conditional upon environmental approval from the authorities

which is expected by December 2023. The transaction will provide a financial

gain of NOK 130 million.

Since 2015, Veidekke has blasted and prepared industrial land at its 206,000

m[2] property Stora Bysta 3:9 in Snebro. Snebro is centrally located, near the

important transport routes E20 and Svealandsbanan, and has in recent years

become an attractive location for logistics operations. Creating industrial

properties constitutes Veidekke's business in this area, and the divestment of

the property now comes as a natural next step.

The buyer is the Swedish logistics property provider NREP Logicenters.

Logicenters wants to initially build about 50,000 m[2] of new logistics premises

and hopes to be able to double this area in the future.

"We greatly appreciate the collaboration, whereby Veidekke has laid the

foundation for what we consider to be a logistics gem with great potential.

Logicenters is constantly growing, and is ready for further establishment in the

regions immediately surrounding Stockholm. With proximity to both Södertälje and

the entire Mälaren region, Nykvarn is superbly located for logistics," says

Matthias Kettelhoit, CEO of Logicenters.

"Mass handling in central regions is a core business for Veidekke's industrial

operation. Our strategy is to operate our business from locations which can

later be used for property development, and Snebro is a good example of this. As

our business in Snebro is now drawing to a close, it is good to know that our

site here can take on new value as a logistics property," says Marcus C.

Nilsson, Executive Vice President at Veidekke.

The transaction will give Veidekke a financial gain of approximately NOK 130

million and will be included in Infrastructure Sweden's profit for the quarter

in which the transaction is completed.

This information is subject to a disclosure duty pursuant to section 5-12 of the

Securities Trading Act.

For more information, contact:

Jimmy Bengtsson,Group CEO, +47?984 70?000

Jørgen Wiese Porsmyr, CFO, +47?907 59 058

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

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

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.