Veidekke ASA: To build Gladengen Park with 56 homes in Oslo

Today Veidekke Entreprenør was awarded the contract to build 56 flats at Ensjø in Oslo for Gladengveien DA. The project will be executed as a turnkey contract valued at NOK 113 million, excluding VAT.

"We have just completed Stålverksparken with 44 flats for Gladengveien DA, and are proud to be selected as partner for the development and construction of Gladengen Park on one of the best sites at Ensjø," says project manager Anders W. Haugen of Veidekke.

The building will be constructed of in situ concrete with prefabricated balcony and stair ­elements. The façades will primarily be plaster with metal details. All flats will have separate balconies or ground floor terraces. There will be a common roof terrace, and the cellar will accommodate storage spaces and parking facilities for cars and bicycles.

Veidekke has already started ground work, and occupation is planned for the fourth quarter of 2015.

See www.obos.no/gladengenpark for more information on the project.

For more information please contact:

Project manager Anders W. Haugen of Veidekke Entreprenør AS, tel. +47 97 666 314, anders.haugen@veidekke.no

Project Manager Haakon Grønnæss, Gladengveien DA, tel. +47 95 788 474, haakon.gronnass@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.