Veidekke ASA: To build 80 homes at Ensjø in Oslo

Gladengveien DA has awarded Veidekke Entreprenør the contract to build 80 flats in the two neighbouring projects Verkshagen and Stålverkskroken at Ensjø. The projects will be executed as a turnkey contract valued at NOK 146 million, excluding VAT.

"With Stålverksparken recently completed and Gladengen Park finished in the autumn, these two new projects will bring our combined contribution to 180 flats for Gladengveien DA in the area. We are proud to have been chosen as partner for the development and building of Verkshagen and Stålverkskroken at one of the best sites at Ensjø," says project manager Kaare Gilhus of Veidekke.

The two projects will each have 40 flats ranging from 42 to 116 square metres in size. They will have from two to four rooms, and 11 of the largest flats will have a separate bedsit section. The buildings will be constructed of in situ concrete with prefabricated balcony and stair ­elements. The façades will primarily be cast with aluminium sheets. All flats will have separate balconies or ground floor terraces, and there will be a common roof terrace at the top of the building. The cellar will include storage rooms and a parking facility for cars and bicycles.

Veidekke will commence foundation work for Verkshagen in the first quarter of 2015. Occupation of the flats is planned from Q3 in 2016.

See http://www.obos.no/nybolig for more information on the projects.

For more information, please contact:

Project Manager Kaare Gilhus of Veidekke Entreprenør AS, tel. +47 45 03 01 97, kaare.gilhus@veidekke.no

Project Manager Ida Martine Strøm, Gladengveien DA, tel. +47 97 97 50 38, ida.martine.strom@obos.no

Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 21 billion (2013) 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.