Hoffmann & Sønner builds for DKK 167 million

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Veidekke's Danish subsidiary, Hoffmann & Sønner A/S, has signed a total contract worth DKK 167 million with KLP Ejendomme A/S, with an optional contract for an additional DKK 75 million. The contract is for the construction of a 33,000 m2 commercial building in Ørestad City.


By acquiring Hoffmann & Sønner in 2000, Veidekke became the fourth largest construction company in Scandinavia, and it is this group of companies that will build for a Norwegian investor in Denmark.


The contract
This is a total contract for the construction of an office building in Ørestad City, situated between the Copenhagen city centre and Kastrup Airport. The architect is Danish company Dissing & Weitler. The building has been designed in accordance with the visions for the area.

The work starts in March this year and will be completed by the year-end 2003.

KLP Ejendomme A/S
"The contract negotiations with Hoffmann have been most satisfactory, and we look forward to co-operating with them on this project which is KLP's first project in Denmark, says Mr. Bjarne Dvärsäter, Regional Manager of KLP Ejendomme A/S.


KLP Ejendomme A/S is owned by the Norwegian company KLP Eiendom A/S, which is part of the insurance company KLP Forsikring. KLP is the second largest life insurance company in Norway with total assets amounting to NOK 100 billion.

For further information please contact

Mr. Jørgen Huno Rasmussen, Head of Construction Denmark Division, Veidekke ASA,
phone +45 43 29 90 00 / +45 43 29 91 02

Mr. Kai Krüger Henriksen, Head of Information/Communication, Veidekke ASA,
phone + 47 21 05 50 00 / + 47905 19 360

KLP Ejendomme A/S, Markedssjef Stig Fermi-Erichsen,
phone +45 32 46 40 02, e-post: fermi@klp-ejendomme.dk

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