Veidekke: To build two new logistics buildings near Gothenburg, Sweden

03 Feb 2023 10:00 CET

Veidekke's Swedish subsidiary BRA Bygg AB has been commissioned by the logistics
property company Catena to build two new logistics buildings with a combined
area of more than 50,000 square metres at Landvetter by Gothenburg. The two
contracts have a combined value of up to SEK 500 million.

The largest of the two projects is a collaborative design and build contract
valued at approx. SEK 400 million, with construction starting in Q1 2023 and
completion planned for summer 2024. The newbuild will comprise a total of 42 250
square metres of refrigeration and freezer warehouse and office area. Catena has
leased the facilities to Menigo Foodservice, one of Sweden's most established
distributors of food to commercial kitchens, restaurants and schools.

"We are experiencing great demand in this region, which is a hub for vital
transport routes and has access to unique logistics and transport expertise.
Through thoughtful development and management of the new buildings, we can help
build a logistics network that is more sustainable in the long term, and meets
the requirements of new trade and consumption patterns as well as for modern and
attractive workplaces," says Jonas Arvidsson, regional manager Gothenburg in
Catena.

"Our involvement in the construction of Logistikpostition Landvetter is very
rewarding, and we look forward to collaborating with Catena and contributing to
the development of the area. Menigo is an important starting point for the
logistics industry cluster, and we also welcome the project's strong
sustainability profile, says Anders Nolander, department head at BRA Bygg.

The second project is a design and build contract valued at SEK 99 million, with
construction start in March 2023 and completion planned for spring 2024. The
project comprises new construction of approx. 9 000 square meters of warehouse,
office and exhibition area for the tenant MM Sports, a leading supplier of
sports nutrition in the Nordic region.

Both buildings are part of Logistikposition Landvetter, which is emerging as one
of Sweden's leading logistics hubs. With close proximity to both airport and
harbour, the location is ideal for transshipment of goods to Gothenburg and
further on in the Nordic region. BRA is also the main contractor for site's
groundwork and civil engineering.

Logistikposition Landvetter has set a high standard for sustainability, and the
new projects are set to be certified to the BREEAM Excellent standard, the
second highest BREEAM level. The glulam support system reduces GHG emissions and
contributes to a better environment, while at the same time providing an example
for future logistics properties.

The contract is included in the Q4 2022 order book.

For more information, contact:
Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +47 907 59 058

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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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