Veidekke ASA : Veidekke to build homes at Sørengstranda in Oslo
Veidekke Entreprenør has signed an agreement with D1a Utvikling AS, which is owned 50-50 by Rema Eiendom Øst and Veidekke Eiendom, to build the first stage of a development at Sørengstranda in Bjørvika. This stage consists of 137 homes with underground parking, with a sales value of NOK 900 million. Altogether, it is planned to build homes with a sales value of about NOK 1.5 billion at Sørengstranda.
The apartments in Sørengstranda stage one went on sale in May 2013 and sales have already reached NOK 200 million. The entire project will feature 212 homes, from compact, 2-room apartments of 40 m2 to spacious, front-facing 5-room apartments with panoramic view. The first residents can move in in the first quarter of 2016.
"What is unique about Sørengstranda is its location, with the city and the sea close at hand. Just a few hundred metres from Lambda and the Norwegian Opera, residents will be able to take their coffee on the terrace and enjoy a view past Hovedøya to the fjord. The nearest neighbours, a park to the north and a canal to the south, both offer unique recreational opportunities. A jetty on the canal gives opportunities for kayaking, while the commercial premises on the ground floor offer the prospect of enjoying a good dinner on the jetty in the sunshine," says the project manager for Sørengstranda, Magnus Rongved of Veidekke Eiendom.
Building stage two will include 75 apartments, more commercial premises and not least a Rema 1000 store to meet Sørenga's grocery needs.
More information on Sørengstranda in Bjørvika is available here: www.sorengstranda.no
For more information please contact:
Project Developer Magnus Rongved of Veidekke Eiendom, tel +47 95 25 17 65, magnus.rongved@veidekke.no
Emil Paaske, CEO of Veidekke Eiendom, tel +47 95 81 91 70, emil.paaske@veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. +47 21 05 77 91 /+47 90 55 33 22, helge.dieset@veidekke.no
SVP Finance Jørgen Michelet, tel. +47 917 43 856, jorgen.michelet@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.