Veidekke ASA: To build new project in Lillestrøm

Veidekke Entreprenør has signed a contract with Kvartal 33 AS to build 117 flats and 2,000 m2 of commercial premises in Storgata in Lillestrøm. Kvartal 33 AS is jointly owned by Veidekke Eiendom AS and Nedre Romerike AS. The value of the contract is NOK 337 million excluding VAT.

The project comprises three blocks of flats with commercial premises on the ground and first floors, in addition to a two-level cellar. The blocks are adjacent to square that blends into the church park. The flats in the project comprise one, two, three and four room flats ranging in size from 29 to 208 m2 with large balconies. The top flats will have private roof terraces.

The building contract will be jointly executed by Veidekke's subsidiary Seby AS in Romerike and Veidekke in Oslo. Ground works have started, while the actual construction will commence in Q4. Occupation for the first residents is planned for the summer of 2017.

 

For more information about the project: http://kvartal33.no/ 

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:
General Manager Bjørn Ove Liavaag of Seby, tel. +47 90 69 35 77, bjorn-ove.liavaag@veidekke.no
Communications Manager Helge Dieset of i Veidekke, 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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