Nåbo AS has commissioned Veidekke to build the second phase of its Gartneritaket
housing project in Vestby. This design and build contract that will see 131
apartments built is worth a total of approximately NOK 230 million excluding
VAT.

"We are so grateful to Nåbo for this commission and are looking forward to
getting started on construction works after the summer. Veidekke delivered the
first phase of the project, so we now know just what it takes to build good and
varied homes for people who want to live well in a green setting," says Jørn
Haugerud, General Manager of Veidekke Bygg Østfold Follo.

Gartneritaket is one of the biggest housing projects in Vestby. Its location is
very central, meaning that areas for outdoor pursuits, schools, kindergartens,
the Vestby Storsenter mall and the railway station are all on the doorstep. The
apartments included in the second phase of construction range from one to four
rooms in size and will have areas of 25-93 m2. The basement will offer parking
for cars and bicycles, while the roof garden will serve as a meeting place for
residents featuring a heated conservatory with kitchen facilities and a communal
table. Parklets including fruit trees on both the roof and behind the building
will help to bolster the living environment.

"This is a major part of our efforts to meet the demand for new, sustainable and
accessible homes in the Oslo region. Veidekke delivered the first phase at a
very high quality both in technical and implementation terms. As such, opting to
continue our collaboration was the natural choice. We look forward to building
further on our strong partnership and working together to create a new, vibrant
neighbourhood in Vestby," says Nåbo's Christian Berg, Regional Manager for Oslo.

Construction will begin in September with completion scheduled for the first
half of 2027. The contract is included in Veidekke's order book for Q2 2025.

Read more about the project here (https://naabo.no/prosjekter/boliger-til
-salgs/gartneritaket/til-salgs).

For further information, please contact:

General Manager Jørn Haugerud, Veidekke Bygg Østfold Follo, tel. +47 95 83 80
09, jorn.haugerud@veidekke.no

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22
helge.dieset@veidekke.no
Regional Manager Christian Berg, Nåbo, tel. +47 41 31 42 96
christian.berg@naabo.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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Veidekke (http://www.veidekke.no) is one of Scandinavia's largest 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. Its annual
turnover is approximately NOK 41 billion, and 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.