Veidekke ASA: Hoffmann takes over construction of Denmarks largest outlet centre

  Veidekke ASA: Hoffmann takes over construction of Denmarks largest outlet

Copenhagen Designer Outlets will be Denmark's largest outlet centre on
completion in October 2014. Veidekke's Danish subsidiary Hoffmann is the new
main contractor following the liquidation of E. Pihl & Søn in August 2013, and
the contract is valued at DKK 146 million excluding VAT.

The centre's ambition is recognized brands, high quality and a great shopping
experience. Danica Ejendomme is the principal, and Hoffmann is also building
Frederiksberg Centret for the same principal.

"Copenhagen is getting its very own designer outlet centre, just outside the
capital, like all the other capital cities have. It is very exciting," says
Hoffman's Managing Director, Torben Bjørk Nielsen.

Since August, the construction of Denmark's largest outlet centre has been
threatened by E. Pihl & Søn's liquidation, but now work has started up again
with Hoffmann as main contractor.

The contract's total is DKK 146 million excluding VAT, and the project
includes establishing around 80 shops and common areas in existing premises.
Production started in mid-October 2013 and will be handed over in October

Downloadable illustration photo

For more information please contact:
Managing Director of Hoffmann, Torben Bjørk Nielsen, tel. +45 60 12 93 00,
SVP Finance Jørgen Michelet, tel. +47 917 43 856,

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities
include building and construction projects, residential developments, asphalt
plants, gravel and crushed stone and road services. Our values are
professional, honest, enthusiastic and ground-breaking. Our goals for health,
safety and the environment, HSE, have equal status with our financial goals.
Veidekke is characterised by a strong corporate culture with employee
involvement and co-ownership as important cornerstones. More than half of the
employees are co-owners, holding around 20 per cent of the Group's shares
between them. The company is listed on the Oslo Stock Exchange and has always
posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


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Source: Veidekke ASA via Thomson Reuters ONE
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