Veidekke: To build sports facilities in Stockholm

16 Mar 2023 08:00 CET

Veidekke has signed a design and build contract with Nystad Stockholm Idrott och
skolfastigheter AB for the construction of three full-sized sports facilities at
a location between Liljeholmen and Midsommarkransen in Stockholm. The contract
has a value of approx. SEK 215 million. Construction will start this spring,
with planned completion in 2024.

On the property developed by Nystad for education and sports purposes, Veidekke
is also building a new primary school for approximately 1,000 pupils.

"We are happy to have signed the agreement with Veidekke and to start the
construction of three new sports facilities with the Stockholm City Sports
Administration as a tenant. Primarily dedicated to the city's children and
young, this will be Stockholm's finest sports facility," says Niklas Skerfving,
project manager at Nystad Stadsutveckling AB.

The new 8,100 square meters sports facilities, to be named Tellusborgshallen,
will be used in both school activities and by sports clubs and associations. In
addition to the sports arenas, there are plans for activity rooms, cafe,
changing rooms and staff rooms.

"We are very excited to have been awarded this project and look forward to
building this great facility. The public building segment is a high priority for
us, and this contract proves that we are competitive in the full scope of this
contractor category," says Linus Wåhlin at Veidekke Construction Stockholm.

The project has a clear environmental profile, including sedum planting and a
solar cell system on the roof, and will be certified in accordance with the
Miljöbyggnad standard.

For more information, contact:

Charlotta Nilsén, EVP Veidekke Construction Sweden, +46 70-600 30 87

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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 39 billion, and half of its 8,000 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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