Veidekke ASA: To renovate office building in Stockholm

23 Dec 2022 13:00 CET

Veidekke's Swedish subsidiary Arcona has been commissioned by Fabege AB to
renovate and expand the property Kv. Påsen 1 in Hammarby Sjöstad, Stockholm. The
design and build contract has a value of approx. SEK 221 million. Work starts in
January 2023 and is planned for completion in December 2024.

Kv. Påsen 1, originally a bag factory which currently comprises offices, was
built in 1955, in an industrial area that was developed in stages in the 1930s,
-40s and -50s. The property will now be upgraded and expanded to approx. 12,600
m[2] of modern office premises, designed to meet the wishes and requirements of
tomorrow's workplace. Upon completion, the building will be certified in
accordance with BREEAM Bespoke level Excellent.

In the project's first phase, Arcona and Fabege started building design and
production preparations, and are now moving on to phase 2.

"We are very much looking forward to developing Kv. Påsen 1 with Arcona.
Hammarby Sjöstad is a lively and welcoming district. With Arcona's
contributions, the property will, in its new form, add both to the cityscape and
to the contents of the site," says Stefan Windefalk, director of project
renovation at Fabege.

"Arcona is very much looking forward to carrying out the renovation and
expansion of Kv. Påsen 1, together with our customer Fabege. The project has a
strong environmental and sustainability profile, which we are especially excited
to contribute to, says Mimmie Sundin, business director at Arcona.

The contract is included in the Q4 2022 order book.

For more information, contact:
Mimmie Sundin, business director Arcona +46 08-601 21 18
Stefan Windefalk, director, project renovation at Fabege, telefon +46 070-496 23
40

Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of building and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involvement and local experience. Its annual turnover is
approximately NOK 38 billion, and half of its 7,800 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.

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