Veidekke, Ferd and Fabritius to develop industrial estate at Gardermoen

Veidekke Eiendom joins forces with Ferd Eiendom and Fabritius Gruppen to develop a logistics and industrial estate approx. 360 decares in size near Gardermoen in Akershus.

Veidekke owns the site which is currently occupied by Hovinmoen Grustak, and has produced aggregates and asphalt there since 1967. This property will now be merged with the neighbouring site, owned by Ferd, and will become part of a newly-established company. Fabritius will join as an equal partner in the company. The parties will own 1/3 each.

"One of Veidekke's focus areas is the development of logistics properties, and we're pleased to pool our overall expertise with competent partners such as Ferd and Fabritius," says Veidekke EVP Jørgen Wiese Porsmyr.

The new logistics and industrial estate company will have an advantageous geographical location close to Gardermoen Airport, and there are specific plans for how the area will be developed, with the possibility of approximately 110,000 m2 of new buildings.

The transaction results in an accounting gain of approx. NOK 70 million, and will be incorporated in Veidekke Industri's results for Q4 2017.

For more information, please contact:
EVP Jørgen Wiese Porsmyr, Veidekke ASA, tel. +47 907 59 058, jorgen-wiese.porsmyr@veidekke.no
SVP Finance Jørgen Michelet, Veidekke ASA, tel +47 47 917 43 856, jorgen.michelet@veidekke.no

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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 30 billion, and around half of its 7,400 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.

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