12 Sep 2024 11:22 CEST

Issuer

Veidekke ASA

Veidekke has been commissioned by K2 Bolig and Bane NOR Eiendom to erect the
first stage of the Skeiane station residential project in Stavanger. The
contract comprises includes 47 apartments, common rooms, guest bedsits, a
separate parking and bicycle garage and commercial premises. This will be a
design and build contract valued at close to NOK 100 million, excluding VAT.

"We are very pleased to have won the competition for this commission and to have
gained renewed trust from a good customer in K2 Bolig and Bane NOR Eiendom. This
is a great project with good qualities and a nice location in the heart of
Sandnes. We have extensive and good experience with this type of project, so
this is a good match with our portfolio and gives us good continuity in our
focus on apartment housing," says district manager Bendik Aarstad with Veidekke
Bygg Rogaland.
The project is centrally located near Skeiane railway station and is bordered by
the Sandved park. The building will have six floors and the apartments vary in
size from 42 to 111 m2. Each apartment has a balcony, of which most face a
recreational street with benches, playground equipment and trees, completely
free of through traffic.
"We are very pleased with the start of sales and the positive response in the
market. Since the end of 2023, 36 buyers have found their dream home at Skeiane
station. In the course of the summer alone we have sold seven apartments, and
there are still some apartments available in the first stage. Our goal is
occupation in the third quarter of 2026," says project manager Brit Sølvi
Sandstøl at K2 Bolig.
Veidekke has started demolition work on the site, while construction work starts
in October. In a short time, stage two will be launched consisting of 25
apartments in a five-story apartment building. K2 Bolig and Bane NOR Eiendom
have agreed with Veidekke that construction of second stage will start when
sufficient advance sales have been achieved.

The commission is included in Veidekke's order book for Q3. Read more about the
project here. (https://skeianestasjon.no/)
For further information, please contact:
Bendik Aarstad, district manager, Veidekke Bygg Rogaland, tel. +47 911 93 701,
bendik.aarstad@veidekke.no (are.westbye@veidekke.no)
Helge Dieset, Communications Manager of Veidekke, tel.?647 90 55 33 22,
helge.dieset@veidekke.no
Brit Sølvi Sandstøl, project director with K2 Bolig, tel. +47 92 21 73 38 ss@k2
-bolig.no
Birgitte Norheim, property developer with Bane NOR Eiendom, tel. +47 41 51 93
40, birgitte.norheim@banenor.no
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Veidekke (http://www.veidekke.no) is one of Skandinavias biggest 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. Annual turnover is
approx. NOK 43 billion, and almost 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.


Source

Veidekke ASA

Provider

Oslo Børs Newspoint

Company Name

VEIDEKKE, Veidekke ASA 18/25 3,20%

ISIN

NO0005806802, NO0010819261

Symbol

VEI

Market

Oslo Børs