Veidekke ASA: To build 231 student bedsits in Solna

Stockholm Studentbostäder (SSSB) has awarded Veidekke Entreprenad the contract to build 231 student bedsits in Huvudsta in Solna, just north of Stockholm. This is a turnkey contract valued at SEK 171 million, excluding VAT.

Stockholm has more than 80,000 students, but only 13,000 student homes. The lack of student homes is significant, and was estimated to be between 8,000 and 10,000 homes this spring. The project Veidekke will build in Armégatan in the Huvudsta district in Solna is a part of SSSB's drive to build 2,000 new student homes in the upcoming years. The homes will primarily comprise one room bedsits with their own kitchen area.

"It's a good feeling to initiate building of the 231 new student homes. Even though we are building on our own site, the financial costing has been a challenge until very recently, but in cooperation with Veidekke we have identified solutions that allow us to realize this project. Our constructive dialogue also means that we have been able to increase the number of homes in the project," says Ingrid Gyllfors, managing director of SSSB.

"At Veidekke we are very proud of being given the confidence to contribute to a boost in student housing in partnership with SSSB. Ever since the planning stage we have taken an involving approach, which liberates knowledge and commitment to find the best solutions. In the subsequent stage we have involved partners to achieve as competitive a project as possible, and we have succeeded. At Veidekke we know that the recipe for a successful project is spelt INVOLVEMENT," says head of department David Grimheden of Veidekke.

Building start is planned for early next year, and everything is scheduled for occupation in the course of 2017.


For press photos, see, for more information, contact:
David Grimheden, head of department, Veidekke Bygg Stockholm, tel +46 733 55 99 47,
Sture Nilsson, regional manager, Veidekke Bygg Stockholm, tel +46 705 80 04 15,
Communications Manager Helge Dieset of Veidekke, tel. +47 90 55 33 22,

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates. The company is characterised by involvement and local knowledge. Revenue is NOK 24 billion (2014), and half of the 6,400 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.

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


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