Veidekke ASA: To build homes for Neptune Properties in Oslo

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Veidekke Entreprenør AS has been awarded the contract by Neptune Properties AS to build the residential project Holtet Horisont I at Holtet in Oslo. The project comprises 39 apartments with a common underground garage. This is a turnkey contract, and is valued at approx. NOK 110 million excluding VAT.

The 39 apartments will be in four modern four-storey apartment buildings and comprise spacious and practical two and three bedroom apartments and unique top-floor apartments. The apartments vary in size from efficient two bedroom apartments at 60 m2 to the largest top-floor apartment at 168 m2, with a lift from the garage level directly to the flat and a partially covered roof terrace 66 m2 in size. The buildings will be built in concrete and steel with façades of natural elements, wood and glass/windows.

There has been particular emphasis on using high quality contemporary materials and art both inside and outside.

"Neptune Properties is looking forward to continuing the good cooperation we achieved with Veidekke in the tender stage," says managing director Tore Økseter.

"On behalf of Veidekke and the team that worked on Kongsveien 82, I would like to thank Neptune for the confidence they have shown in us. This is our first project collaboration, and we are looking forward to carry on the good collaboration we established in the construction phase," says District Manager Hans Olav Sørlie of Veidekke.

The property in Kongsveien 82 was rezoned for residential purposes by Oslo City Council on 11 May 2016. Interest in the project has been high, and sales have started. Construction is expected to start in the course of third quarter 2016.

For more information about the project: https://www.privatmegleren.no/nyeboliger/133169000/holtet-horisont-i-reguleringsplanen-er-vedtatt-n-starter-snart-salget/all-info

 

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
Project Manager Jens Petter Hansen, tel. +47 97 04 42 08, jens-petter.hansen@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22, helge.dieset@veidekke.no
Managing Director Tore Økseter of Neptune Properties, tel. +47 918 418 61, tore@npas.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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