Veidekke has been awarded the commission to build the office and commercial
building Mediebyen at Nytorget in Stavanger for SVG Property AS. The 11,500
square metre building will be occupied by NRK and Stavanger Aftenblad, among
others. The contract is a design and build contract valued at NOK 330 million
excluding VAT.

"It's really satisfying to start the construction of Mediebyen. This is a
project we have been working on for a long time, in close cooperation with SVG
Property, Ghilardi+Hellsten and other partners, and we have been through a long
zoning process. This is an attractive project that will be a key part of the
cityscape going forward, and we're looking forward to taking on the task," says
district manager Bendik Aarstad at Veidekke Bygg Rogaland.
"City centre development is important to SVG Property AS, which has a strategy
of owning its buildings well into the future. Starting this important
transformation project is something we have been looking forward to for a long
time," says General Manager of SVG Property, Tonje Rosenvold. "It will be a
great building for Mediebyen, but also for other tenants who want space in an
attractive new city centre building at the vibrant Nytorget square," she adds.
The tenants NRK and Aftenbladet will occupy the second and third floors of the
building, while the top three floors remain vacant for the time being. A
catering concept and meeting places are planned in the entrance zone from
Nytorget. The underground parking facility will include changing rooms, bike
parking and parking for NRK and Aftenbladet's official cars, as well as
technical spaces for ventilation and an energy centre. A separate energy centre
will be established with geothermal wells under the building. The project will
be BREEAM certified as class Excellent in addition to meeting FutureBuilt's
circularity requirements.
"We are very pleased that all permits and the contract with Veidekke have been
concluded. It will be an exciting project to follow for the whole city, as we
want to provide a building adapted to the site at the portal to this popular
part of the city centre," says Tore André Eide, Development Manager with
developer SVG Property. "We have worked closely with Veidekke and Teqva for
several years to develop a complex building while also facing increasing
interest rates and construction costs. The contractors have participated in good
processes along the way, and as a developer, we commend the effort and
creativity involved in getting this over the finish line," Eide concludes.
The demolition work is already well underway at the construction site, and the
project is scheduled for completion in June 2026. The contract is included in
Veidekke's order book for Q2 2024.

For further information, please contact:
Bendik Aarstad, District Manager Veidekke Bygg Rogaland, tel +47 911 93 701,
bendik.aarstad@veidekke.no (are.westbye@veidekke.no)
Helge Dieset, Communications Manager with Veidekke, tel. +47 55 33 22,
helge.dieset@veidekke.no
Tore Andre Development Manager with SVG Property AS, tel. +47 482 63 456,
tore@svgproperty.no

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of buidling and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involment and local experience. Annual turnover is approx. NOK 43
billion, and almost half of its 8,000 employees own shares in the company.
Veidekke is llisted on the Oslo Stock Exchange and has posted a profit every
year since its enception in 1936.