Veidekke to build outlet at Vestby

Veidekke Entreprenør AS has entered into a contract with Outlet Invest AS to build Norwegian Outlet in Vestby, south of Oslo. This will be a factory outlet consisting of approx. 40 stores/dealerships. Total turnover for Veidekke will amount to approximately NOK 130 million excluding VAT.

It is Veidekke Entreprenør AS, Distrikt Follo/Indre Østfold and Distrikt Anlegg Øst who will collaborate on building Norwegian Outlet, just next to the large water tower that is a landmark in Vestby. Work will commence in April, and will be completed and ready to open before the 2010 summer holidays.

The buildings' foundations will be rock and blasted rock. Basements and stairwells will be concrete elements, while the supporting system on the main floor will be steel columns and laced struts. The walls will be sandwich elements, and the roof will be a traditional steel sheet roof. The basement will contain an open parking lot with 170 spaces, and an additional 700 parking spaces are planned outdoors. A new roundabout will also be built in connection with the centre.

A factory outlet is a store which the brand owner owns and operates and where goods are sold at discounted prices. There will be no indoor walkways as in typical shopping centres; access to each store will be from outdoors. The concept at Vestby will provide shoppers with a new and different experience, where they will primarily find well-known sporting goods and fashion brands.

For more information, contact:
Project manager Erik Seiersten, tel. +47 97 71 23 37,
District manager Per-Inge Heen, tel. +47 90 15 12 91,
Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,250 employees and turnover of BNOK 19.4 (2008). The group is listed on the Oslo Stock Exchange and has a dispersed ownership structure with the employees owning 18% of the stock. Operations 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.