Veidekke ASA: To build apartments at Straume near Bergen

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Straumesundet Bolig AS has entered into a contract with Veidekke Entreprenør AS to build the first 58 apartments in the Straume seafront project in Straumsundet west of Bergen. This is a turnkey contract valued at NOK 145 million, excluding VAT.

The residential project is idyllically located in Straumsundet. It is a short distance to the centre of Straume and Sartor Shopping Centre, which may be reached by its own pedestrian tunnel, and a mere 15 minute drive from Bergen city centre. The first building stage comprises two seven storey buildings with large balconies facing west. The apartments range in size from one-bedroom apartments 50 m2 in size to five-bedroom apartments 166 m2 in size. All homes will have quality features such as large windows in living rooms and light and pleasant rooms, water-borne floor heating in bathroom floors, large private roof terraces for the largest apartments and lifts from the parking garage.

Between 250 and 300 new apartments will be built at Straume seafront when the project is completed. The project will be built on a compressed landfill in the sea, where the material used is from the Kystby parking facility when this was built. Natural rock wall quay fronts have already been developed. In addition to the two apartment buildings, there will be a park area to the south, a square between the buildings and a playing/outdoor area above the parking facility.

Stangeland Gruppen, Trend Eiendom and Veidekke Eiendom AS are behind the Straumesund Bolig AS company.

Veidekke has applied Fjell municipality for permission to commence ground and concrete works, and building is scheduled to start just after the holidays.

For more information about the project: www.straumefronten.no

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project developer Espen Brekke-Molund, tel. +47 41 60 18 04, espen.molund@veidekke.no
District Manager Erlend Bygnes, tel. +47 97 09 53 33, erlend.bygnes@veidekke.no
Communications Manager Helge Dieset of Veidekke ASA, tel. (+47) 905 53 322, helge.dieset@veidekke.no
Charles Hazell with Straumesundet Bolig AS, tel. +47 95 88 48 58, charles.hazell@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 and construction contracts, maintains roads and produces asphalt and aggregates. The company's operations are characterised by involvement and local knowledge. Revenue is NOK 24.5 billion (2015), and half of the 7,000 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.

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

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