Veidekke ASA : Veidekke wins a major shopping centre contract in Denmark


Veidekkes Danish subsidiary Hoffmann A/S has been commissioned by Danica Pension and Lægernes Pensionskasse to remodel and extend the Frederiksberg Centret shopping centre on the outskirts of Copenhagen. The value of the contract is DKK 450 million excluding VAT.

The extension to the shopping centre consists of adding a whole new storey, and the number of parking spaces is to be increased by 50% by means of a roof-top car park. The total retail area will be increased by some 10,000 m2, providing space for 25 new shops. In addition, the facades and interior are being upgraded.

"It has been a long and challenging process, which has succeeded thanks mainly to the good collaboration between the client, the local authorities, the contractor, the various advisers and the tenants in the centre. We have all done our utmost to complement each other, meaning construction can now start," says Torben Bjørk Nielsen, CEO of Hoffmann A/S.

For more information please contact:
Torben Bjørk Nielsen, CEO of Hoffmann A/S, tel. +45 43 29 93 00, mobile +45 60 12 93 00,
Eva Handest, property manager for shopping centres in Danica Pension, tel. +45 12 14 10 / +45 20 34 09 82,
Communications Manager Helge Dieset of Veidekke ASA, tel. + 47 21 05 77 91 / 90 55 33 22,

Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of 18 billion (2011) and 6,500 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. 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% of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss 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.


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