Veidekke ASA: Veidekke to build the SEB building

Today Veidekke has entered into an agreement with property company Fabege to continue cooperation on building SEB's new offices at Solna in Stockholm. On 4 November 2014 Veidekke reported that the contract for the first stage, which involved planning, had been signed. The contract that now has been signed is stage two and concerns erection of the building. The value of the contract is estimated at around SEK 1.7 billion, and this amount will be included in Veidekke's order backlog as of the end of June 2015.

This will be one largest Swedish office buildings ever with a total floor area of 90,000 m2 and 4,500 workplaces. The office complex comprising three buildings will be linked, and the buildings will be environmentally smart, focusing on low energy consumption and sustainable materials. The building will receive environmental certification in compliance with the BREEAM Excellence standard. The project will be carried out as a turnkey contract based on close cooperation between Veidekke Bygg Stockholm, Veidekke's Swedish subsidiary Arcona and Norwegian Veidekke Entreprenør.

"We are extremely pleased that Fabege has shown confidence in us for the second stage of the project. This confidence fits well with Veidekke's ambition to grow and strengthen our position in the Swedish market. It's about establishing involvement that exploits everyone's expertise. In our opinion, this enhances ownership in the project and leads to cost-effectiveness and quality. The building of SEB's new offices is a good example of Veidekke's multi-focal strategy, and emphasizes that our Scandinavian collaboration and combined expertise with complex projects is appreciated," comments Anders Arfvén, Head of Business Area with AO Bygg.

The building will be brough into use by SEB in two stages with completion scheduled for 2018.

Executive Vice President Per-Ingemar Persson, tel. +46 705 144 240, per-ingemar.persson@veidekke.se
Head of Business Area Anders Arfvén, tel. +46 733 559 932, anders.arfven@veidekke.se
SVP Finance and IR Jørgen Michelet, tel. +47 21 05 50 00/+47 917 43 856,Jorgen.michelet@veidekke.no

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 almost 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.