Veidekke ASA: Veidekke to build student homes in Oslo

Today Minister of Education and Research Kristin Halvorsen broke the first ground for the 160 student­ bedsits Veidekke is building for Studentsamskipnaden (the student welfare organisation) in Oslo and Akershus (SiO). This will be a turnkey contract valued at NOK 100 million, excluding VAT. The student homes  will be built in the Grünerløkka district in the centre of Oslo, and the project comprises eight floors of student bedsits, a ground floor for commercial activities and parking in existing neighbouring buildings. The building will be built directly on bedrock and with a structure of poured in place concrete with brick façades. The project has a modern expression that is well adapted to the existing brick district from the interwar period and surrounding buildings from the late 1800s. The building will be designed with consideration towards being highly visible in the area. Construction work is currently starting, and the flats will be ready in the summer of 2014. Downloadable press photos For more information please contact: Head of department Odd Arne Lian with Veidekke, tel. +47 21 05 50 00 / +47 416 60 556, Communications Manager Helge Dieset of Veidekke, tel. +47 21 05 77 91 /+47 905 53 322, Director of Communications Nina Langeland with SiO, tel. +47 22 59 69 93 / +47 926 18 141, Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of 18 billion (2011) and 6,500 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. 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 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% of the Group'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 pursuant to section 5-12 of the Norwegian Securities Trading Act. Press photo: 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#1675586]