Veidekke's subsidiary Br. Reme AS has been awarded the contract to build an apartment complex in the centre of Kristiansand by Otra Amfi A/S. The value of the contract is NOK 120 million excluding VAT.
Otra Amfi is an apartment complex with gross floor space of approx. 6,500 square metres with 60 different flats in three structures. 42 of the flats have already been sold.
Otra Amfi is located opposite one of the corners of the city centre quadrant with open landscape down towards the Otra River. All of the flats from the ground floor up will have spacious terraces facing the southwest. Several of the end flats will also have large terraces with views and ample sunlight. All of the buildings will have large roof terraces and there will be spacious parking facilities in the basement with lifts all the way up to the roof terraces.
Construction will commence in May, and the flats will be ready for takeover in the first quarter of 2013.
For more information please contact:
Hans Øina, Project Manager with Br. Reme AS, tel. +47 90 55 66 49, hans.oina@reme.no
Kjell Engelstad, Otra Amfi A/S, tel. +47 40 40 40 10, ke@spektrumas.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no
Also see www.otraamfi.no
Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, road maintenance and recycling. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.