Veidekke ASA: To build office building in Kristiansand

Veidekke is to build the first of five office buildings in the Quadrum project
in the centre of Kristiansand for Bane NOR Eiendom after working on its design
throughout 2019. This is a design and build construction contract valued at
approx. NOK 150 million, excluding VAT and with options.

Bane Nor Eiendom established Quadrum AS to develop five buildings on the
"triangle site" between Kristiansand station, the E39 road and the Kvadraturen
city district, with excellent views toward the fjord and the surrounding
landscape. The goal is that this hub development will become one of the most
important landmarks for urban development in South Norway.

The first construction stage that Veidekke will build, the E building, will
comprise approx. 6,500 m[2] of office premises on eight floors and 1,700 m[2] of
basement space. The site has an attractive exposure towards the fjord and the
Kvadraturen city district, and the scale of the building indicates that it will
be a prominent and noteworthy reference building in the heart of Kristiansand.
The contract with Veidekke also includes options for outdoor work and
groundworks with pipes and cables.

"After enjoying a lengthy and good partnership with Bane NOR Eiendom on the
design work, we are now grateful and proud to have won the actual construction
contract as well. We have extensive expertise on commercial buildings of this
type in Veidekke, and we are particularly excited to erect a landmark building
that is so central and visible to everyone in our city," says district manager
Atle Monan of Veidekke.

Building is scheduled to start in June with completion in December 2021. More
information on the Quadrum project: https://quadrum.no/forste-bygg/


For more information, contact:
District Manager Atle Monan, tel. +47 95 14 27 40, atle.monan@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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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 engagement and
local knowledge. Annual turnover is approximately NOK 39 billion and around half
of its 8600 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.