Stor-Oslo Eiendom has, following strong sales results, awarded Veidekke the
contract to build the first phase of the residential project Linderudløkka in
Oslo. The contract is a design and build contract valued at approximately NOK
490 million excluding VAT.

"We are very pleased to continue the excellent collaboration we have had with
Stor-Oslo Eiendom on another residential project. Linderudløkka will provide a
significant boost to the area, and it is very encouraging to see that the
project resonates so well in the market. We thank Stor-Oslo Eiendom for their
confidence and look forward to the start of construction," says Morten Barreth,
Head of Department at Veidekke Building Oslo.
Linderudløkka will be developed into a new and vibrant neighbourhood with a
total of 950 apartments, a grocery store, kindergarten, commercial spaces, and a
large square connecting the area. The project is being developed in cooperation
between Stor-Oslo Eiendom and BRJ Boliginvest. When completed, Linderudløkka
will appear as a green and urban residential area with strong connections to the
city centre, local recreational areas, and public transport, with the metro
station located only 300 metres from the project.
"Selling 120 apartments in five months demonstrates that we have hit the mark
with the product and highlights the importance of an optimal apartment mix. We
are also very pleased to have signed an agreement with Veidekke and to bring on
board large parts of the team from the Frysjaparken project, with whom we have
had an excellent collaboration in the past," says Richard Zagar, Project
Director at Stor-Oslo Eiendom.

Construction will start in early March, with planned completion in autumn 2028.
Read more about the project
here (https://soeiendom.no/prosjekter/linderudlokka/til-salgs).

The contract will be included in Veidekke's order book for the first quarter of
2026.
For further information, please contact:

Head of Department Morten Barreth, Veidekke Bygg Oslo, tel. +47 93 88 37 16,
morten.barreth@veidekke.no (are.westbye@veidekke.no)

Communications Manager Helge Dieset, Veidekke, tel +47 90 55 33 22,
helge.dieset@veidekke.no
Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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Veidekke (http://www.veidekke.com/) 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.