Veidekke to build more flats at Rodeløkka

Veidekke to build more flats at Rodeløkka

ID: 55320

(Thomson Reuters ONE) -


Veidekke Entreprenør AS has been awarded the contract from Veidekke Eiendom AS
to build stage 2 of the Konfektfabrikken housing project at Rodeløkka in Oslo.
The contract comprises building 50 new flats with a total sales value of more
than NOK 150 million excluding VAT.


Freia operated a chocolate factory at the site from 1889, but production was
moved to the neighbouring property a few years ago. In December Veidekke started
building the first stage of the housing project consisting of 84 flats with a
total sales value of NOK 260 million.

In April 2011 the sale of the 50 flats in stage two started. These were also
very well-received in the market, and the decision to build was made after only
a week of advance sales.
As of 31 May 2011, 112 of a total of 134 flats in stages 1 and 2 have been sold
with a total sales value of NOK 333 million. "Building of stage two has just
commenced, and the flats are to be ready in December 2012," says project
developer Tor Nordstrøm of Veidekke Eiendom.

Four building stages are planned with a total of 253 flats, with an estimated
sales value of more than NOK 900 million. In order to ensure rational and
continuous production, the next stage is already planned.

Stage 3 is expected to be put on the market in the autumn of 2011, followed by
stage 4 in the spring of 2012. "The project's reception in the market has been
singularly positive, and we have great faith that this will also apply to the
next building stages," Nordstrøm concludes.

Veidekke is cooperating with the Norwegian Asthma and Allergy Association on
building homes with a particularly good and healthy indoor climate. Through
conscious choices and well thought out solutions and materials, Veidekke is
creating healthy homes.

See more information on the project at www.konfektfabrikken.no





For more information please contact:
Project developer Tor Nordstrøm, Veidekke Eiendom, tel. +47 21 05 7672 /
+47 909 57 276,tor.nordstrom(at)veidekke.no
Project manager Widar Bråten, Veidekke Entreprenør, tel.
+47 951 43 775,widar.braten(at)veidekke.no
Site manager Helene Schiørn, Veidekke Entreprenør, tel.
+47 481 75 566,helene.schiorn(at)veidekke.no
Communications Manager Helge Dieset, tel. +47 21 05 77 91 /
+47 90 55 33 22,helge.dieset(at)veidekke.no

Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 16.3 billion (2010). Activities include building and
construction projects, residential developments, asphalt plants, gravel and
aggregates, road maintenance and recycling. Our values are professional, honest,
enthusiastic and pioneering. Our goals for health, safety and the environment,
HSE, have equal status with our financial goals.  Veidekke is characterized by a
decentralized organizational model with a strong corporate culture and a high
degree of employee involvement. Over half the employees are co-owners, holding
almost 20% of Veidekke's shares between them. The company is listed on the Oslo
Stock Exchange and has never declared a loss since it was founded in 1936.


This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)



Facade Verksgata:
http://hugin.info/172/R/1521337/457571.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#1521337]


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Bereitgestellt von Benutzer: hugin
Datum: 06.06.2011 - 10:31 Uhr
Sprache: Deutsch
News-ID 55320
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