18 Jan 2023 16:32 CET

Issuer

Veidekke ASA

Veidekke is to build a work centre and sheltered housing at Nedre Sem Farm for
Asker municipality. The project has very ambitious sustainability goals, and is
the first circular building project undertaken by Asker municipality. The
commission is a design and build contract with a value of NOK 104 million,
excluding VAT.

"We appreciate the commission and are proud that we can be a part of developing
and realising this very special project for Asker municipality at Nedre Sem
Farm. The municipality's sustainability goals are a good fit with Veidekke's own
strategy, and we're looking forward to reconstructing a unique and sustainable
building for the future," says district manager Gro Brathovde with Veidekke Bygg
Buskerud.

Nedre Sem Farm is located at Semsvannet in Asker and currently houses a
municipal work centre. The barn building has deteriorated for many years, and
will be completely dismantled before a new building is erected reusing the old
materials. The new building will comprise a work centre with a carpentry
workshop across two floors, an institutional kitchen, its own farm store and
sheltered housing. The new buildings will be around 2,000 m[2] in size, with the
same design as the original multi-purpose barn from around 1890.

Nedre Sem Barn will be built in accordance with Futurebuilt's criteria set Zero,
Zero T and NZEB (nearly zero energy building). Furthermore, the project is a
pilot for Futurebuilt's criteria set for the use of plastic and circular
buildings that concerns the reduction of plastic products and reuse of building
materials. The new build will achieve a reduction of at least 50% of CO\2\ in
accordance with FutureZero. Nedre Sem Barn is also included as a pilot in the
EU's Circular Cities and Regions Initiative. The construction site will be
emission-free through the use of electric construction machines.

The existing building will be dismantled and removed in this winter, with
subsequent start of construction. The new build is scheduled for completion in
first quarter of 2024. The commission is included in Veidekke's order book for
the fourth quarter of 2022.

Read more about the project on Asker municipality's
website (https://www.asker.kommune.no/om-asker-kommune/askermagasinet/asker
-bidrar-til-gronn-omstilling-i-europa/).

For further information, please contact:
District manager Gro Brathovde, tel. +47 911 95 354, gro.brathovde@veidekke.no
Communications Manager Helge Dieset, Tel. +47 905 53 322,
helge.dieset@veidekke.no
Project manager Alf Kaare Stokker in Asker municipality, +47 911 81 734,
alf.kaare.stokker@asker.kommune.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
Subscribe to messages from
Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction companies. The company
undertakes all types of construction and civil engineering contracts, 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.


Source

Veidekke ASA

Provider

Oslo Børs Newspoint

Company Name

VEIDEKKE, Veidekke ASA 18/25 3,20%

ISIN

NO0005806802, NO0010819261

Symbol

VEI

Market

Oslo Børs