– We are very satisfied with winning this contract in tough competition, and would like to thank Olav Thon for the confidence he has shown in us by awarding us this important contract. Veidekke has enjoyed close collaboration with Olav Thon Gruppen on a number of projects, and we're looking forward to starting construction at Storo. This is a large and important project, where we, in cooperation with all parties, will ensure close involvement and an optimum building process, says CEO and President Arne Giske of Veidekke.

The contract includes construction of a 325-room hotel, a 14 screen cineplex, two 12-storey residential blocks with 149 apartments, a day care centre, around 6,000 m2 of retail premises, 3,000 sqm of office space, a restaurant pavilion and a parking facility and extensive outdoor facilities. The project will be located next to Storo Storsenter, which is also owned by Thon Storo ANS.

The project will have pile foundations directly on bedrock. The load bearing system will consist of prefabricated concrete elements and steel. The external walls will mainly be brick, with glass, metal and wood details.
The principal has already started demolition work, groundwork is scheduled to commence in April, and the entire project is expected to be completed in the first quarter of 2019. The contract is included in Veidekke's order backlog for Q1 2016.