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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Veidekke: Awarded major project for Thon Gruppen at Storo

VEIRegulatory press release23.10.2026 klo 13.53
Veidekke has been selected to construct a combined residential, office and
commercial development for Thon Gruppen at Vitaminveien 6 in the Storo district
of Oslo. The design and build contract is valued at approximately NOK 745
million, excluding VAT.

Jimmy Bengtsson, Group Chief Executive of Veidekke, and Kjetil Nilsen, Group CEO
of Thon Gruppen, signed the contract on Friday, 23 October.
"This is a large and exciting project that we are delighted to deliver together
with Thon Gruppen. Vitaminveien 6 combines residential, office and commercial
space in a single development and is an excellent match for our expertise in
large and complex construction projects. We look forward to a strong partnership
and to contributing to the continued development of Storo," says Jimmy
Bengtsson, Group Chief Executive of Veidekke.

For the client, Thon Eiendom, this is an important project that is now moving
forward to the construction phase.

"We are developing this property with a long-term ownership and management
perspective, and that influences the choices we make from the outset. This
applies to everything from the energy solutions to the rooftop garden that will
be shared by residents and office tenants. With Veidekke, we gain a partner with
extensive experience from demanding and complex developments," says Kjetil
Nilsen, Group CEO of Thon Gruppen.

Vitaminveien 6 will be an important contribution to the ongoing transformation
of Storo into a modern urban district. The development comprises an office
building with its main façade facing Vitaminveien, a residential building to the
west, and a commercial podium connecting the two.

The project has a total gross floor area of approximately 30,000 square metres.
It includes a podium structure extending both above and below ground,
accommodating parking facilities and retail premises. A seven-storey residential
building and a seven-storey office building will be constructed on top of the
podium. The residential section will comprise 98 rental apartments, while the
office building will provide approximately 5,200 square metres of gross floor
area (GFA).

A key objective of the project is to create attractive green spaces. The
development will include a rooftop garden and landscaped park areas on top of
the commercial podium, creating a shared courtyard for residents and office
users. Additional green areas will also be established at ground level.

The office building will be certified to BREEAM Excellent and achieve Energy
Performance Certificate (EPC) Class A.

Demolition of the existing buildings is scheduled to begin in November, while
construction of the new Vitaminveien 6 development is expected to commence in
April 2027. The project is scheduled for completion in August 2029. The contract
will be included in Veidekke's order backlog for the fourth quarter of 2026.

Read more about the project: Project Vitaminveien
6 (https://thon.no/eiendom/oslo/kontor/prosjekt-vitaminveien-6/)

Illustrations: Hille Melbye arkitekter
Photos from the signing:
* Group CEO Kjetil Nilsen of Thon Gruppen (left) and Group Chief Executive Jimmy
Bengtsson of Veidekke signed the contract for the construction of Vitaminveien 6
on Friday. Photo: Daniel Fosseng/Thon Gruppen

* From the contract signing for the construction of Vitaminveien 6. From left:
Kjetil Nilsen, Thon Group; Trond Are Martinsen, Thon Gruppen; Hans Olav Sørlie,
Veidekke Bygg; Jimmy Bengtsson, Veidekke; and Sjur M. Krog Martinsen, Thon
Gruppen. Photo: Daniel Fosseng/Thon Gruppen

For further information, please contact:

District Manager Morten Barreth, Veidekke Bygg Oslo, tlf. +47 93 88 37 16,
morten.barreth@veidekke.no
Communications Manager Arve Rødal Brekkhus, Veidekke, tel. +47 90 13 48 88,
arve.brekkhus@veidekke.no
Project Manager Arnulf Pettersen, Thon Eiendom, tlf. +47 93 23 35 73,
arnulf.pettersen@thon.no
Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
Subscribe to messages from
Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)
Veidekke (https://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 43 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.
es in the company. Veidekke is listed on the Oslo Stock\
Exchange and has posted a profit every year since its inception in 1936.\