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Veidekke

Regulatory Filings Jan 17, 2023

3781_rns_2023-01-17_2695862e-9a68-44b2-8842-81bfa4e60899.html

Regulatory Filings

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Veidekke: Won billion NOK contract in Bjørvika

Veidekke: Won billion NOK contract in Bjørvika

Oslo S utvikling (OSU) has selected Veidekke as design and build contractor for

the Mariakvartalet residential project in Bjørvika. The construction contract is

worth more than NOK 1 billion and will be started when sufficient sales have

been achieved.

Mariakvartalet will comprise 245 apartments, a kindergarten, shops, restaurants

and cultural offerings. Currently, archaeological excavations are being carried

out on the site, which is centrally located between Clemenskvartalet and the

green public space Kongsbakken in Bjørvika. Sales are scheduled to start in Q2

Valuable input

"OSU is very pleased to sign the contract with Veidekke, which is the largest

construction contract ever for OSU. Veidekke is considered to have submitted the

best offer, and has contributed good input for added value in the contract

negotiations. At the same time, they are capable of meeting our high demands

towards quality and sustainability in our projects," says Jostein Ådalen,

project director with OSU.

OSU is behind many of the developments in Bjørvika, including Barcode and the

Vannkunsten residential project that recently won the 2021 Building of the Year

Award. Veidekke has previously been involved in a lot of construction in

Bjørvika, including the Opera, Munch Museum, Diagonale and the Sørengstranda

residential project.

High environmental requirements

"We would like to thank Oslo S Utvikling for the confidence they have shown in

us and for the commission. Building good environmentally certified homes with

high sustainability goals is something we are especially appreciative of. We

have concluded a phase where we have developed the project together and are

ready to start building, which is planned in the course of the year," says

Director Anders Haugen of Veidekke Bygg Oslo.

Mariakvartalet has been designed by Lund+Slaatto Arkitekter, who are behind the

award-winning Munch Brygge in Bjørvika, among other things. All of the homes

from OSU will be certified as Very Good in accordance with the BREEAM-NOR

manual. In addition, greenhouse gas emissions will be reduced by at least 20%,

the construction site will be fossil-free and with strict requirements for waste

sorting and waste minimization.

The contract for Mariakvartalet is NOK 1.037 billion excluding VAT. The contract

sum will be included in Veidekke's order book when sufficient sales for starting

have been achieved. Click here (https://osu.no/prosjekter/mariakvartalet) to

read more about the project.

For further information, please contact:

Head of department Morten Barreth of Veidekke Bygg Oslo, tel. +47 93 88 37 16,

[email protected]

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,

[email protected]

Project director Jostein Ådalen of OSU, tel. +47 950 48 489, [email protected]

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

-Pressebilder-Veidekke/)

Subscribe to messages from

Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)

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.

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