Veidekke ASA: To build 52 homes at Ensjø in Oslo

Gladengveien DA has awarded Veidekke Entreprenør the contract to build stage two of the neighbouring projects Verkshagen and Stålverkskroken at Ensjø. The building of the 52 apartments will be carried out as a turnkey construction contract. The contract is worth NOK 100 million excluding VAT.

"We are very pleased to once again be selected as the preferred builder for OBOS and Gladengveien DA at Ensjø. When this is ready, we will have completed a total of 800 apartments and a large school in this community, and we are looking forward starting the project," says district manager Hans Olav Sørlie of Veidekke Oslo.

The project will have a selection of two, three and four room apartments ranging in size from 42 to 109 square metres. The buildings will be constructed of in situ concrete with prefabricated balcony and stair ­elements. The façades will primarily be cast with aluminium sheets. All apartments will have their own balconies or ground floor terraces, and the basement will accommodate storage spaces and parking facilities for cars and bicycles.

Building is set to start in Q1 2016, with occupation of the apartments from Q3 2017. See http://www.obos.no/nybolig for more information on the projects.

For more information, please contact:
Project Manager Kaare Gilhus of Veidekke Entreprenør AS, tel. +47 45 03 01 97, kaare.gilhus@veidekke.no
Project Manager Ida Martine Strøm, Gladengveien DA, tel. +47 97 97 50 38, ida.martine.strom@obos.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no  

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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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