Veidekke ASA: Awarded major new contract in Bjørvika, Oslo

Veidekke ASA: Awarded major new contract in Bjørvika, Oslo

ID: 452663

(Thomson Reuters ONE) -


Veidekke Entreprenør has signed a contract with A9 Palekaia AS (50% Thongård AS
and 50% HAV Eiendom AS) to build the whole of the major Diagonale project next
to the Opera House in the centre of Oslo, where TV2 will be the largest tenant.
This is a turnkey contract valued at NOK 800 million, excluding VAT.

Last autumn Veidekke was commissioned to build the cellar phase of the project,
a contract worth NOK 150 million. The new contract includes the cellar project
and boosts Veidekke's order backlog by NOK 650 million excl. VAT in the first
quarter.

The Diagonale project is located between Dronning Eufemias gate and Operagata.
The entire project will include around 400 student homes, 14,000 m(2) of offices
and 4,000 m(2) of retail premises, cafés and restaurants at street level. The
project consists of two buildings linked by a common cellar.

"We are now looking forward to watching the buildings rise. Diagonale is a
spectacular project in an extremely attractive location. The combination of
student accommodation, restaurants and offices will bring life to the area both
during the day and in the evenings. With Veidekke we have a contractor who knows
Bjørvika well and who has extensive expertise and the ability to execute this
type of project," says Øystein Trøseid, chairman of the board of A9 Palekaia AS.

"Diagonale is a strategically important project for Veidekke and will strengthen
our growth and position in Oslo. We are very grateful for the trust placed in us
and are looking forward to getting started on the rest of the construction
work," says District Manager Hans Olav Sørlie of Veidekke Entreprenør Oslo.

The work on the cellar phase started in November 2015. The office building is
scheduled to be completed in January 2018, and the student accommodation in July
the same year.

See www.diagonale.no for more information on the project.







For press photos, see www.flickr.com/photos/veidekke, for more information,
contact:
District Manager Hans Olav Sørlie, tel. +47 91 74 49 23, hans-
olav.sorlie(at)veidekke.no
Project manager Rune Fossland, tel. +47 901 66 480, rune.fossland(at)veidekke.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset(at)veidekke.no
General Manager Geir Inge Juriks, A9 Palekaia AS, tel. +47 95 05 13 89,
geir.inge.juriks(at)haveiendom.no



Subscribe to notices from Veidekke

Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of building construction and civil
engineering contracts, maintains roads, and produces asphalt and aggregates. The
company's operations are characterised by involvement and local knowledge.
Revenue is NOK 24.5 billion (2015), and half of the 7,000 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 Diagonale project:
http://hugin.info/172/R/1988589/730158.pdf



This announcement is distributed by GlobeNewswire on behalf of
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#1988589]




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Bereitgestellt von Benutzer: hugin
Datum: 23.02.2016 - 14:16 Uhr
Sprache: Deutsch
News-ID 452663
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