Veidekke to build flats at Rodeløkka in Oslo

Veidekke Eiendom AS has awarded Veidekke Entreprenør AS the contract to build the first stage of the housing project "Konfektfabrikken" at Rodeløkka. The contract comprises the construction of 84 flats suitable for families and 180 parking spaces. The total sale value of the first stage is NOK 260 million. The property has been used by Freia to manufacture chocolate since 1889, but a few years ago production was moved to the neighbouring property. Veidekke Eiendom bought the property in 2007, and the disused factory building is currently being demolished. Excavation and piling for the new building will commence in the beginning of January and the building is to be completed in the third quarter of 2012. The 84 flats in the first stage will range in size from 48 m(2) to 108 m(2), with more than half larger than 80 m(2). So far, 57 of the flats have been sold, and planning of the next stage with 50 flats is well under way. When the project is completed it will comprise approx. 250 homes over five storeys, two underground parking levels and a day care centre. "Amongst others, it is families with children who want to live centrally and have access to safe outdoor an play areas that have bought flats. It is not very often we have the chance to develop a completely new city block with an great outdoor area of 2,500 m(2) that is reserved for the residents," says project developer Tor Nordstrøm of Veidekke Eiendom. More information on the housing project here: or For more information please contact: Project developer Tor Nordstrøm, Veidekke Eiendom AS, tel. +47 909 57 276, District Manager Hans Olav Sørlie, Veidekke Entreprenør AS, tel. +47 917 44 923, Project Manager Widar Bråten, Veidekke Entreprenør AS, tel. +47 951 43 775, Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22, Veidekke is one of Scandinavia's largest contractors with 6,000 employees and a turnover of NOK 16 billion. 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 employee­involvement. Over half the employees are co-owners, holding 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) Konfektfabrikken: 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#1474681]