Veidekke has been commissioned by Selvaag Bolig ASA to build the residential
project Kanaltunet at Lervig Brygge in Stavanger. The project consists of 91
apartments in three buildings and parking facilities. The contract is a design
and build contract valued at NOK 276 million, excluding VAT.

"We are very happy to have won the competition for this commission and to have
gained renewed trust from a good customer in Selvaag Bolig. This is a very
attractive project with high qualities and the extension of a popular area in
Lervig. It is therefore understandable that there is great interest in the
project and that sales have gone so well in a somewhat demanding market. We have
extensive and good experience with this type of project, so this is a good match
with our portfolio and gives us good continuity in our focus on apartment
housing," says district manager Bendik Aarstad with Veidekke Bygg Rogaland.

The three apartment buildings will have six floors and the apartments vary in
size from 46 to 103 m[2]. There will be underground parking in the basement,
which will also contain storage rooms and technical rooms. Between and around
the buildings, high-quality outdoor areas and a promenade along the sea will be
developed.

"The contractor has been selected, and we are now initiating the process of
planning and starting construction. At Selvaag Bolig we are pleased to get going
with the project along with Veidekke. We're looking forward to further
developing the great neighborhood and extending the promenade and outdoor areas.
Selvaag Bolig is pleased with the start of sales and the positive response in
the market. Our goal is occupation by the end of 2025," says Christian Flølo
Geithus, regional manager with Selvaag Bolig.
This contract is included in Veidekke's order book for the first quarter 2024.
Read more about the project here (https://www.selvaagbolig.no/rogaland/lervig
-brygge/kanaltunet/).
For further information, please contact:
Bendik Aarstad, district manager with Veidekke Bygg Rogaland, tel. +47 911 93
701, bendik.aarstad@veidekke.no (are.westbye@veidekke.no)
Helge Dieset, Communications Manager Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Christian Flølo Geithus, regional manager with Selvaag Bolig, tel. +47 951 39
268, cfg@selvaagbolig.no
Veidekke's press photos (https://urldefense.proofpoint.com/v2/url?u=https
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Veidekke is one of Scandinavia's biggest 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.

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