Veidekke ASA: Hoffmann A/S to build large commercial building in Copenhagen for KLP

Veidekke's Danish subsidiary Hoffmann A/S has signed a contract with KLP Ejendomme A/S, to construct a new commercial building in Copenhagen. The design and build contract is valued at approx. DKK 1 000 million. This is Hoffmann's largest single project to date, both with regards to contract value and the number of square meters. The project is scheduled for completion in 2021.

The new commercial building at Kay Fiskers Plads near Ørestad Metro Station in the Copenhagen Airport vicinity, will hold 50 000 square meters of offices and a 15 000 square meters parking garage. The project has been developed in close interaction between the contracting client, contractor, architects and consultants, and the project's vision is to set the standard for the future office environment for small and medium sized enterprises in Ørestad City.

"The Ørestad project is a textbook example of how Veidekke can best deliver value through strong involvement in the planning process from the get-go. Through cooperation from an early stage, we can utilise our entire breadth of expertise and deliver a building that provides the greatest value for the client and users," said Arne Giske, CEO of Veidekke.

"With the Ørestad project, KLP Eiendom takes a radical new approach to meeting the needs of the small and medium-sized companies that drive growth in Copenhagen. Through close collaboration with architect and contractor from the very beginning, we have developed a concept that is flexible and innovative and provides high environmental, technical, economic and social quality. We look forward to breaking ground for the building on 20 August, with the Norwegian ambassador and the mayor of Copenhagen present," said Gunnar Gjørtz, Managing Director of KLP Eiendom AS.

KLP Ejendomme is the Danish subsidiary of KLP Eiendom AS, one of Norway's largest property companies.

The contract is included in Veidekke's order backlog for the second quarter of 2018.

For press photos, see www.flickr.com/photos/veidekke ; for more information, please contact: 
Torben Bjørk Nielsen, CEO Hoffmann A/S, mobile +45 60 12 93 00; email tbn@hoffmann.dk 
Lars Erik Lund, EVP Communications, Veidekke ASA, mobile +47 413 31 369; email lars.lund@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.