Veidekke ASA : Hoffmann takes over construction of Denmarks largest outlet centre

Veidekke ASA : Hoffmann takes over construction of Denmarks largest outlet centre

ID: 311872

(Thomson Reuters ONE) -


Copenhagen Designer Outlets will be Denmark's largest outlet centre on
completion in October 2014. Veidekke's Danish subsidiary Hoffmann is the new
main contractor following the liquidation of E. Pihl & Søn in August 2013, and
the contract is valued at DKK 146 million excluding VAT.

The centre's ambition is recognized brands, high quality and a great shopping
experience. Danica Ejendomme is the principal, and Hoffmann is also building
Frederiksberg Centret for the same principal.

"Copenhagen is getting its very own designer outlet centre, just outside the
capital, like all the other capital cities have. It is very exciting," says
Hoffman's Managing Director, Torben Bjørk Nielsen.

Since August, the construction of Denmark's largest outlet centre has been
threatened by E. Pihl & Søn's liquidation, but now work has started up again
with Hoffmann as main contractor.

The contract's total is DKK 146 million excluding VAT, and the project includes
establishing around 80 shops and common areas in existing premises. Production
started in mid-October 2013 and will be handed over in October 2014.


Downloadable illustration photo

For more information please contact:
Managing Director of Hoffmann, Torben Bjørk Nielsen, tel. +45 60 12 93 00,
tbn(at)hoffmann.dk
SVP Finance Jørgen Michelet, tel. +47 917 43 856, jorgen.michelet(at)veidekke.no

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 crushed stone 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.

CDO:
http://hugin.info/172/R/1740042/584150.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#1740042]




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Bereitgestellt von Benutzer: hugin
Datum: 01.11.2013 - 16:02 Uhr
Sprache: Deutsch
News-ID 311872
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