Veidekke: To continue refurbishment project in Stockholm

Veidekke's Swedish subsidiary Arcona has entered into an agreement with Genesta, a real estate fund management company, regarding the next phase of Zinko, a major refurbishment project at Södermalm, Stockholm. The collaborative design and build contract has a value of approximately SEK 336 million.

The Zinko project comprises the transformation of approximately 15,700 square metres of office space and is expected to welcome its first tenants in late 2025. Arcona has been contributing to Genesta's project, which involves Hornsgatan 122–130, since 2021.

In the project’s previous phases, Arcona helped identify alternatives for the property’s development, analyse technical conditions, make calculations, and plan execution. The new contract includes the actual refurbishment phase, which involves extensive modernisation with a focus on sustainability, aesthetics and technology. The property will be certified in accordance with the BREEAM In-Use standard, aiming to achieve the highest rating, Outstanding.

“Arcona is proud to have been entrusted by Genesta with the completion of the Zinko project, which preserves and protects period architectural features while also creating a state of the art, sustainable and attractive hub for both daytime and evening activities. Our solid, long-standing relationship with Genesta has been pivotal for the project's success to date,” says Peter Kihlman at Arcona.

Also included in the contract are technology upgrades to all five buildings included in the project, and the construction of two additional floors to Hornsgatan 124. As well as providing office space – and a rooftop terrace for tenants – the Zinko quarter will encourage a bustling city environment, with space for shops, a fitness centre and restaurants at street level.

The contract is included in the Q2 2024 order book.

For more information, contact:
Jørgen Wiese Porsmyr, CFO Veidekke ASA, telephone +47 907 59 058

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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 43 billion, and half of its 8,000 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.