Veidekke ASA: To build new headquarters and apartments at Skøyen

Veidekke ASA: To build new headquarters and apartments at Skøyen

ID: 418312

(Thomson Reuters ONE) -


Veidekke has entered into a contract with Norwegian Property (NPRO) to buy Nedre
Skøyenvei 24-26 in Oslo, with takeover in March 2019. Veidekke wants to develop
the site to build new headquarters for the Group and build several hundred
homes.

"Veidekke has long been on the lookout for a project to develop at Skøyen for
new headquarters. This property is perfectly suited to developing modern
headquarters, and we can also develop and build more than 400 homes in an
extremely attractive area. Here we can exploit our expertise both as a
construction and property development company, and we also envision contributing
to developing Skøyen as a future-oriented city district," says CEO and President
Arne Giske.

Nedre Skøyenvei 24-26 is centrally located at Skøyen, one of Norway's largest
and fastest-growing traffic hubs. The site is 22,600 m(2) in size, and is
currently developed for commercial purposes. NPRO will own and manage the
existing buildings until takeover in March 2019.

The purchase price is NOK 799 million, of which NOK 749 million is due upon
takeover and NOK 50 million is due on entry into contract.



For more information, please contact:
Managing Director of Veidekke Eiendom, Emil Paaske, tel. +47 958 19 170,
emil.paaske(at)veidekke.no
SVP Finance Jørgen Michelet, tel +47 917 43 856, jorgen.michelet(at)veidekke.no
SVP Communications Grete Nykkelmo, tel +47 913 11 000,
grete.nykkelmo(at)veidekke.no


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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of construction and civil
engineering contracts, maintains roads, and produces asphalt and aggregates. The
company is characterised by involvement and local knowledge. Revenue is NOK 24
billion (2014), and half of the 6,400 employees own shares in the company.




Veidekke 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.


Illustration new hq:
http://hugin.info/172/R/1950267/709016.pdf



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GlobeNewswire 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 GlobeNewswire
[HUG#1950267]




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Bereitgestellt von Benutzer: hugin
Datum: 07.09.2015 - 17:00 Uhr
Sprache: Deutsch
News-ID 418312
Anzahl Zeichen: 2967

contact information:
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Oslo



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