Veidekke ASA: Cooperation continues between Veidekke and Vitartes

Veidekke ASA: Cooperation continues between Veidekke and Vitartes

06.12.2017 - 11:00

Veidekke Entreprenad has entered into an agreement with Vitartes on continued cooperation concerning the Patienten quarter in Hagastaden in Stockholm. Work will primarily be carried out by Veidekke's subsidiary Arcona. The contract is valued at SEK 950 million.

In the summer of 2016 Veidekke and Vitarte entered into a contract for groundwork, foundations and concrete for the Patienten and Princeton quarters. The current contract is for the construction of the remaining buildings in the Patienten quarter. This is one of two properties in Vitarte's Scandinavian Life Science project. The property will be an Eye Center of Excellence, with St Eriks Eye Hospital as a key tenant. The Patienten quarter is scheduled for completion in the spring of 2020. Work is to be carried out as a design and build contract in collaboration between the parties. The Patienten quarter comprises a total of approx. 42,000 square metres, and is a property for care, research, education and business in Hagastaden.

"We have worked alongside the customer for several years. The constantly improving cooperation proves the value of working together on several projects over longer periods of time," says Peter Kvist, CEO of Arcona.

"Vitartes is a leading project development company in the Life Sciences field, where our customers are central to everything we do. It is therefore also important that the suppliers we use can meet our stringent requirements to quality, cost-efficiency and professionalism. The fact that we have continued confidence in Veidekke/Arcona is a result of them meeting our expectations," says Håkan Karlsson, technical director of Vitartes.

The project will be built directly adjacent to the main entrance of Nya Karolinska Hospital and partly on top of the existing tunnel on the E4 motorway.

For more information, contact:
Peter Kvist, CEO, Arcona, tel. (+46) 08-601 21 52, peter.kvist@arcona.se
Anders Arfvén, business area manager, Veidekke Bygg Kommersiellt, tel. (+46) 0733 55 99 32, Anders.Arfven@veidekke.se

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Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is NOK 30 billion, and around half of its 7400 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.