BRA Bygg AB is to build the Geely Innovation Center at Lindholmen in Gothenburg,
with completion in 2022. The Geely agreement is a design and build contract,
valued at more than SEK 2 billion excl. VAT.
"Over more than five years, BRA Bygg and Geely have collaborated on developing
plans for the Geely Innovation Center. Now we are looking forward to building a
new and vibrant hub and powerhouse for Swedish innovation at Lindholmen in
Gothenburg, in close collaboration with the customer," said Anders Billström,
Deputy Managing Director and Project Manager for Geely Innovation Center at BRA
Bygg AB.
The Geely Innovation Centre builds on a vision to promote innovation through
openness, cooperation and sharing of knowledge and experiences. The former
shipyard site at Lindholmen will hold an open campus of multifunctional
buildings with a total building area of more than 100,000 square meters. When
completed in 2022, the new innovation center will comprise i.a. offices, a car
design center and showroom, and a hotel, and is expected to house approx. four
thousand employees.
"The large scope of this contract is proof of the power of Veidekke's strategic
focus on commercial buildings and on the Gothenburg region, and it further
confirms that the acquisition of Billström Riemer Andersson was the right
decision," said Jimmy Bengtsson, head of Veidekke's Swedish construction
operations.
The Geely agreement is a design and build contract valued at more than SEK 2
billion excl. VAT, and the project is planned for completion in 2022. The
contract sum will be included in Veidekke's fourth quarter 2018 order book .
BRA Bygg AB is part of Billström Riemer Andersson (BRA), which is located in
Gothenburg and has a strong presence in the West-Sweden buiding construction
market. Billström Riemer Andersson was acquired by the Veidekke Group in 2018.
Geely, a privately-owned Chinese company, is the main shareholder of i.a. Volvo
Cars.
For more information, contact:
Anders Billström, BRA Bygg AB, email anders.billstrom@brabygg.se, phone +46 31
89 44 01
Anders Arfvén, Veidekke Entreprenad AB, email anders.arfven@veidekke.se, phone
+46 733 55 99 32
Investor relations: Jørgen Michelet, Veidekke ASA, email
jorgen.michelet@veidekke.no, phone +47 917 43 856
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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of building construction and civil
engineering contracts, develops residential projects, maintains roads, and
produces asphalt and aggregates. The company is known for its involvement and
local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000
employees own shares in the company. Veidekke is listed on the Oslo Stock
Exchange and has always posted a profit since it was founded in 1936.