Veidekke ASA : Veidekke to build exclusive flats in Stockholm

Veidekke Entreprenad is starting construction of the first 93 flats in the Svea Fanfar housing project at Östermalm in Stockholm. The project will comprise a total of 350 flats and offer residents a unique service concept, developed in cooperation between Veidekke Bostad, CA Fastigheter and Panorama. This is a turnkey contract valued at SEK 275 million.

Veidekke has already started planning and foundation work for the project, which is located between the Royal College of Music, Svea Artilleri and Stockholm stadium. In the first stage flats will have from two to seven rooms, all with high-quality materials and fittings in marble and brass, kitchen fittings from SieMatic, appliences from Miele and wardrobe solutions from Kvänum.

The project's service concept comprises a staffed common reception, a lobby where one can enjoy a coffee and fresh newspapers and magazines, a gym, a party room and a separate guest flat. In addition residents will have access to services such as cleaning, window washing, caretaking during holidays, childminding, craftsmen services, a chauffeur service, bicycles and food delivery.

"This is really exciting, and we are very pleased to start building at Svea Fanfar now. The project has attracted great interest in the market, and sales have gone very well," says project manager Mathias Holmqvist of Veidekke Bostad.

For more information about the project: www.sveafanfar.se

For more information please contact:
Mathias Holmqvist, project manager, Veidekke Bostad, tel. +46 72 523 90 70, mathias.holmqvist@veidekke.se
David Grimheden, head of department, Veidekke Entreprenad, tel. +46 73 355 99 47, david.grimheden@veidekke.se
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no

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.

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