Veidekke starts work on 90 apartments at Panorama in Sollentuna

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Veidekke Entreprenad AB has now completed the planning phase of the 100 metre long concrete block containing 90 apartments the company won as a design and build order at Panorama in Sollentuna's Frestavägen/Sörmlandsgatan. The order is worth a total of SEK 240 million, of which the apartment block alone accounts for SEK 125 million.

 

Building starts on October 7, and is expected to be completed in the spring of 2012. 90% of the apartments are already sold.

In addition to the apartment block, four high-rise buildings containing 82 apartments are also part of the order. Planning for these is to be started immediately, and is expected to be completed in the spring of 2011.

This is the first external project on which Veidekke has used planning models according to VDC * (Virtual Design and Construction), which transpired to be highly successful. Thanks to the new methodology, planning of systems could be significantly shortened, as participation of all involved - including the developer - could receive updated and data on the project at all phases.

"VDC planning has been exciting and very rewarding. It gives the developer a complete overview and an excellent idea of the final product at a very early stage," says Andreas Arkling, Panorama Development AB.

For more information, please contact:

Mikael Lidström, Regional Manager, Veidekke Entreprenad AB, Region Bygg Stockholm, tel. +46 8 635 61 35 / +46 708 735 223, mikael.lidstrom@veidekke.se

Andreas Arkling, Panorama, tel. +46 8 525 026 01 / +46 70 992 91 71, andreas.arkling@panorama-dev.se

* VDC (BIM) - VDC (Virtual Design and Construction) is a methodology which integrates information with the aid of technology, and supports collaboration in the planning process. The methodology involves all parties and stakeholders, such as the architect, plumbing, ventilation, construction and the developer actively in the planning phase. The VDC method requires focus on techniques, methodology, process and organisation simultaneously.  

Veidekke Entreprenad AB is a member of Veidekke ASA, a leading Scandinavian building contractor and property developer with 6,000 employees and turnover of NOK 15.6 billion (2009). The group is listed on the Oslo Stock Exchange and has a dispersed ownership structure with the employees owning 20 % of the stock. The business spans a wide spectrum of building and construction projects, developing housing and commercial buildings for private and public sector clients, asphalt plants and road maintenance as well as collecting and recycling waste.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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