Work on building 4,000 m2 of new shop premises and a complete renovation of Stovner senter has started. In total, Sektor Gruppen will invest almost NOK 300 million in the project, and has entered into a development contract with Veidekke Entreprenør valued at NOK 230 million excluding VAT.

"This is a major project that comprises both an extension and a complete renovation of the current shopping centre. We know that this is something the local community has wanted and has been anticipating for a long time, and we have worked hard to realize this project since we took over ownership less than a year ago," says property manager André Gaden of Sektor Gruppen.

The choice of Veidekke as contractor has been important as Sektor Gruppen now realizes its ambitions for Stovner senter. The contract is an extension of long and good partnership between the two companies.

"Veidekke is a very professional and competent developer, and has demonstrated great understanding of how we want to develop Stovner senter. In addition to giving the centre a full makeover and creating better interior solutions, we want to open the centre to the greatest possible degree towards what is to become Linjeparken. Veidekke has extensive experience in developing shopping centres, and not least the complexity in carrying out construction work in parallel with a fully operative centre," Gaden says.

"Stovner senter has existed for 40 years, and is a revered institution among Norwegian shopping centres. The centre has played a decisive role for the local community since it opened back in 1975, and we are proud to contribute to the development of tomorrow's Stovner senter in collaboration with Sektor Gruppen," says district manager Hans Olav Sørlie of Veidekke Entreprenør.

"The project will have a strong environmental profile, where the new development will be certified as 'Very good' according to the BREEAM Nor standard, and the centre will be operated in compliance with BREEAM In-Use. The strong environmental profile is a commitment with which we are comfortable. It means that we have requirements toward locally-sourced materials, lower emissions and a better indoor climate. Stovner senter will thus be both built and operated in a sustainable manner," says project manager Alexander Almeland of Sektor Gruppen.

The picture shows district manager Hans Olav Sørlie of Veidekke (left) and CEO Eirik Thrygg of Sektor Gruppen.

 

For press photos, see www.flickr.com/photos/veidekke:
http://www.flickr.com/photos/veidekke, for more information, contact:
Project leader Lars Sikkeland, tel.: +47 91 83 04 71, lars.sikkeland@veidekke.no:
mailto:lars.sikkeland@veidekke.no
Head of department Birte Almeland, tel: +47 95 07 70 31, birte.almeland@viedekke.no:
mailto:birte.almeland@viedekke.no
Property manager André Gaden of Sektor Gruppen, tel.: +47 93 03 73 22, andre.gaden@sektor.no:
mailto:andre.gaden@sektor.no
Communications Manager Helge Dieset of Veidekke, tel.: +47 90 55 33 22, helge.dieset@veidekke.no:
mailto:helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors and property developers. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt, crushed stone and gravel. The company is characterised by involvement and local knowledge. Turnover is NOK 21 billion (2013), and half of the 6,300 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.

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Press photo Stovner Centre:
http://hugin.info/172/R/1892190/670178.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Veidekke ASA via Globenewswire
HUG#1892190