Veidekke: To continue refurbishment project in Stockholm

Veidekke's Swedish subsidiary Arcona has entered into an agreement withGenesta,a real estate fund management company, regarding the next phase of Zinko, amajor refurbishment project at Södermalm, Stockholm. The collaborative designand build contract has a value of approximately SEK 336 million.

The Zinko project comprises the transformation of approximately 15,700 squaremetres of office space and is expected to welcome its first tenants in late2025. Arcona has been contributing to Genesta's project, which involvesHornsgatan 122-130, since 2021.

In the project's previous phases, Arcona helped identify alternatives for theproperty's development, analyse technical conditions, make calculations, andplan execution. The new contract includes the actual refurbishment phase,whichinvolves extensive modernisation with a focus on sustainability, aestheticsandtechnology. The property will be certified in accordance with the BREEAMIn-Usestandard, aiming to achieve the highest rating, Outstanding.

"Arcona is proud to have been entrusted by Genesta with the completion of theZinko project, which preserves and protects period architectural featureswhilealso creating a state of the art, sustainable and attractive hub for bothdaytime and evening activities. Our solid, long-standing relationship withGenesta has been pivotal for the project's success to date," says PeterKihlmanat Arcona.

Also included in the contract are technology upgrades to all five buildingsincluded in the project, and the construction of two additional floors toHornsgatan 124. As well as providing office space - and a rooftop terrace fortenants - the Zinko quarter will encourage a bustling city environment, withspace for shops, a fitness centre and restaurants at street level.

The contract is included in the Q2 2024 order book.

For more information, contact:Jørgen Wiese Porsmyr, CFO Veidekke ASA, telephone +47 907 59 058

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Veidekke is one of Scandinavia's largest contractors. In addition toundertakingall types of building and civil engineering assignments, the group alsomaintains roads and produces asphalt and aggregates. Veidekke emphasisesstakeholder involvement and local experience. Its annual turnover isapproximately NOK 43 billion, and half of its 8,000 employees own shares inthecompany. Veidekke is listed on the Oslo Stock Exchange, and has posted aprofitevery year since its inception in 1936.

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