Veidekke ASA : Veidekke enters housing project in Gothenburg
Veidekke will take part in the development of the Nya Hovås area in Gothenburg. Through the agreement, Veidekke will acquire one third of the project and expect a turnover of approximately 1 billion NOK.
A total of 1,200 apartments and 25,000 square meters are planned in the project Nya Hovås. Veidekke's partners in this extensive project are Skanska and HSB Gothenburg. The project is a result of an open dialogue with the business community, neighbours and other interested parties. Based on more than 8,000 received proposals, a detailed plan has been prepared for the area.
"We are looking forward to participate in the project and contribute to create a vivid city area. We will now concentrate on getting this exciting project in process," says regional manager Olaf Olausson of Veidekke Bostad.
Construction is planned to start in the spring of 2014 with a development period of 7 to 10 years.
For more information please contact:
SVP Finance Jørgen Michelet, tel. +47 917 43 856, jorgen.michelet@veidekke.no
Regional manager Olaf Olausson, Veidekke Bostad, tel. +46 761 264045, oluf.olausson@veidekke.se
Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.