Veidekke ASA: To renovate property in Hagastaden, Stockholm

The Veidekke subsidiary Arcona has been commissioned to reconstruct and renovate the property Skålen 24 in Hagastaden, Stockholm.

The client is Scius Partners, and the contract value is SEK 400 million.

The property developer and contractor Arcona, which operates in Stockholm and Uppsala, Sweden, was acquired by the Veidekke group at year-end 2013.

For information, please contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60
Mikael Freudmann, Scius Partners, mikael.freudmann@scius.se, ph. +46 709 89 49 11

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Veidekke is one of Scandinavia's largest contractors. Undertaking all types of building and civil engineering contracts, the group also maintains roads, and produces asphalt and aggregates. The company emphasizes stakeholder involvement and local experience. The annual turnover is NOK 39 billion, and half of the 8,400 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.