After completing the interaction phase, Veidekke has signed a contract with the
Student Welfare Organisation in Agder (SiA) to construct two buildings in solid
wood with housing for 400 students, commercial areas and underground parking in
Kristiansand. This commission is a design and build contract worth almost NOK
450 million, excluding VAT.

"We would like to thank SiA for their good, close cooperation during the
interaction phase and that we have now also been awarded the actual construction
commision. There is a great need for more student housing in Kristiansand and it
is a great pleasure for us to build something that means so much to many people
here in the city. Veidekke has built beautiful student housing in solid wood in
many towns and cities around the country, which is why we are now pleased to
build the same here in Kristiansand," says district manager Atle Monan of
Veidekke Bygg Agder.

The project is located at Lund Torv near the city centre and consists of two
buildings in solid wood of five and six storeys above ground. The total area is
just over 17,000 m[2], which will accommodate 400 students in 371 residential
units plus commercial areas on the ground floor and a parking facility in the
basement. There will also be common functions such as laundry, storage rooms,
bicycle parking and caretaker areas, as well as development of the outdoor area
between the buildings.

Demolition work will start next week and building is scheduled to start in early
October, with occupation in time for the start of studies in August 2025.

For further information, please contact:
District Manager Atle Monan, tel +47 38 03 12 37, atle.monan@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.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 (http://www.veidekke.no) is one of Scandinavia's largest contractors.
In addition to undertaking all types of building and civil engineering
assignments, the group also maintains roads and produces asphalt and aggregates.
Veidekke emphasises stakeholder involvement and local experience. Annual
turnover is approx. NOK 39 billion, and almost half of its 8,000 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