Veidekke is to build 51 flats with underground parking and a large communal,
heated conservatory at Falkum in Skien for Bovieran AS and co-owner Skien
Boligbyggelag. The contract is a design and build contract valued at NOK 163
million, excluding VAT.

"We are grateful for the commission and very pleased that we have arrived at
solutions that all of the parties are satisfied with, in a demanding market. The
earliest flat buyers have had to accept some adjustments in order for the
project to be realised. We are grateful for their goodwill and that so many have
stood by their purchase," says District Manager Lars N. Hjertås of Veidekke
Building Construction Vestfold og Telemark.

Bovieran's flat projects have a distinctive social profile aimed at a mature
target group (50+). In Sweden, more than 30 such projects have been built so far
since they were first introduced in 2009. Veidekke has signed a national
framework agreement on developing and building similar projects in Norway with
Bovieran. Falkum in Skien is the first one in Norway, although new ones are
being planned for Kristiansand, Hønefoss and Kongsvinger.

Bovieran Falkum will be sited in a rural location near Lundedalen in Skien. The
flats will range in size from 54m[2] to 84m[2], and residents will have access
to a range of facilities and services such as lounges/seating groups, a
workshop, storage rooms for sports equipment, and premises for hosting
arrangements, with a kitchen, as well as the 1,400m[2] conservatory with its
trees, flowerbeds and year-round Mediterranean climate.

Building work will start soon, with a planned construction period of 24 months.
The commission is included in Veidekke's order book for the fourth quarter of
2022.

More information on the project is available at www.falkum.bovieran.no


For further information, please contact:
District Manager Lars N. Hjertås, Tel. +47 922 97 192, lars.hjertaas@veidekke.no
Communications Manager Helge Dieset, Tel. +47 905 53 322,
helge.dieset@veidekke.no
Manager Jessica Bergström in Bovieran, Tel. +47 907 14 010, jessica@bovieran.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
Subscribe to messages from
Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)

Veidekke is one of Scandinavia's largest construction companies. The company
undertakes all types of construction and civil engineering contracts, maintains
roads, and produces asphalt and aggregates. Veidekke emphasises stakeholder
involvement and local experience. Its annual turnover is approximately NOK 38
billion, and half of its 7,800 employees own shares in the company. Veidekke is
listed on the Oslo Stock Exchange and has posted a profit every year since its
inception in 1936.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange