Veidekke ASA: Wins record contract in Sweden

Veidekke has signed a contract with Fabege to build new offices for SEB in Arenastaden in Stockholm. This will be one largest Swedish office buildings ever with a total floor area of 90,000 m2 and 4,500 workplaces. The project will be carried out as a turnkey project based on a collaboration model, and it is the first of two stages that has been commissioned. The combined value of the contract is approx. SEK 1.7 billion.

The office complex comprises three buildings connected with glass walkways. Within the Veidekke Group there will be close cooperation between Veidekke Bygg Stockholm, Norwegian Veidekke Entreprenør and Swedish subsidiary Arcona.

"The fact that Veidekke is being trusted to build SEB's new offices is partly due to their presentation of an impressive team effort with expertise from the entire Scandinavian area, and partly that we have great confidence in them based on previous partnership projects," says project and development manager Klas Holmgren of Fabege.

Planning cooperation has already started. The actual building will be brought into use by tenant SEB in two stages and will be completely finished in 2018.

"We are very satisfied and proud that Fabege has confidence in us. This is a challenge we approach with a great deal of humility. Our ambition is to further reinforce our position in Sweden as one of the most inspiring players in the sector. Confidence from Fabege is a major step in that direction, and it is all facilitated through our Scandinavian partnership and collective experience with complex projects. A clear example of our multi-local strategy," says group director Per-Ingemar Persson of Veidekke Sverige.

The project will employ VDC (Virtual Design and Construction) to ensure the close involvement between all parties in both planning and production. The buildings will be environmentally smart and focus on low energy consumption and sustainable materials, and will be certified in accordance with the BREEAM Excellence standard.

For press photos, see, for more information, contact:

Group Director Per-Ingemar Persson, Veidekke Sweden, tel. +46 70 51 44 240,

Regional Manager Sture Nilsson, Veidekke Bygg Stockholm, +46 70 58 00 415,

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

Veidekke is one of Scandinavia's largest contractors and property developers. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt, crushed stone and gravel. The company is characterised by involvement and local knowledge. Turnover is NOK 21 billion (2013), and half of the 6,300 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


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