Veidekke ASA: Awarded new contract at Malmö Designer Village

06 Nov 2025 09:00 CET

Veidekke has signed a contract for the next phase of Malmö Designer Village,
which will become Scandinavia's largest outlet for fashion and lifestyle brands.
The client is the property developer FREY Group.

Malmö Designer Village is already in full production. To date, Veidekke has been
awarded contracts totalling approximately SEK 530 million, of which the new
phase comprises approximately SEK 315 million and is expected to be completed in
the second quarter of 2027.

The first part of the outlet village comprises 26,000 square meters of new
construction with associated common areas, parking, complementary buildings and
foundation works. The project aims for certification in accordance with BREEAM
Excellent, which reflects the highest standards for sustainable design,
construction and operational efficiency.

"Being entrusted with a new phase is much appreciated - confirming our solid
cooperation in a project which emphasises customer experience and high
sustainability ambitions," says Ulf Sterner, Regional Manager at Veidekke Bygg
Syd.

"Malmö Designer Village will be a truly unique destination where design,
sustainability, and the joy of shopping come together. We are delighted to
continue our collaboration with Veidekke to bring this project to life. Our
ambition is to create a genuine showcase for brands; an environment that is both
inspiring and high performing, designed to showcase their unique brand character
while strengthening their connection with customers", says Antoine Frey,
Chairman and CEO of FREY.

Malmö Designer Village will embody FREY's vision of an outdoor retail concept
built on local roots and setting a new standard for customer experience and
environmental performance. Here, more than 130 international and Scandinavian
fashion and lifestyle brands will be surrounded by landscaped gardens and
sustainable design and be complemented by a unique Street Food Market, cafes and
restaurants, a playground and other facilities.

The contract is included in the Q4 2025 order book.

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

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 41 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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