Veidekke ASA : Veidekke enters housing project in Gothenburg

Veidekke ASA : Veidekke enters housing project in Gothenburg

ID: 304601

(Thomson Reuters ONE) -


Veidekke will take part in the development of the Nya Hovås area in Gothenburg.
Through the agreement, Veidekke will acquire one third of the project and expect
a turnover of approximately 1 billion NOK.

A total of 1,200 apartments and 25,000 square meters are planned in the project
Nya Hovås. Veidekke's partners in this extensive project are Skanska and HSB
Gothenburg. The project is a result of an open dialogue with the business
community, neighbours and other interested parties. Based on more than 8,000
received proposals, a detailed plan has been prepared for the area.

"We are looking forward to participate in the project and contribute to create a
vivid city area. We will now concentrate on getting this exciting project in
process," says regional manager Olaf Olausson of Veidekke Bostad.

Construction is planned to start in the spring of 2014 with a development period
of 7 to 10 years.


For more information please contact:
SVP Finance Jørgen Michelet, tel. +47 917 43 856, jorgen.michelet(at)veidekke.no
Regional manager Olaf Olausson, Veidekke Bostad, tel. +46 761 264045,
oluf.olausson(at)veidekke.se


Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include
building and construction projects, residential developments, asphalt plants,
gravel and aggregates, and road services. Our values are professional, honest,
enthusiastic and ground-breaking. Our goals for health, safety and the
environment, HSE, have equal status with our financial goals. Veidekke is
characterised by a strong corporate culture with employee involvement and co-
ownership as important cornerstones. More than half of the employees are co-
owners, holding around 20 per cent of the Group's shares between them. The
company is listed on the Oslo Stock Exchange and has always posted a profit




since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Nya Hovaas:
http://hugin.info/172/R/1734706/581083.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE
[HUG#1734706]




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Bereitgestellt von Benutzer: hugin
Datum: 10.10.2013 - 08:41 Uhr
Sprache: Deutsch
News-ID 304601
Anzahl Zeichen: 2897

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