Veidekke will build the first large Costco store in Scandinavia

At Veidekke Arcona, a subsidiary of Arcona, was commissioned by Costco Wholesale to build Scandinavia’s first Costco store in Arninge, near stockholm. The project is a construction contract that includes the adaptation of tenants of 14,000 square meters. Work begins now and continues until October. The contract is worth approximately 145 million Swedish crowns.

Arcona is already building Costco first establishment to Sweden in Arninge, just north of stockholm. The new contract includes the adaptation of the building, which will soon be completed and will be environmentally certified to Miljobyggnad Silver level. The premises will include a bakery, butcher and delicatessen sections, an optician, a hearing center, a pharmacy and a cafeteria. Costco plans to open in late fall 2022.

Costco Wholesale is the third largest chain of stores in the world and operates department stores with a membership club, where members should be able to purchase quality brands at the lowest possible price. With hundreds of department stores and offices around the world, Costco offers a wide range of products rooted in sustainability and the environment.

We are very happy to start construction work on site. Arcona showed great commitment and good cooperation in the initial phase of the project. It is with great enthusiasm and pride that we are now settling in stockholmsaid Derek WaddingtonDirector – Construction & Facilities, Costco Wholesale UK Ltd.

For Arcona, this is a very special project that will be completed in record time, and where we are working with open books with Costco and their project manager Turner & Townsend. Early in the process, we engaged our strategic installation contractors, and through contract negotiations, we also had the ability to secure material deliveries with a long lead time, says Niklas Virving, Service Manager at Arcona.

The contract is included in the backlog for the current quarter.

Contact:

Charlotte Nilsen

Executive Vice President

Veidekke Bygg Sverige

Tel: +46 70-600 30 87

Veidekke is one of the biggest entrepreneurs in Scandinavia. The company carries out all types of construction work, maintains roads and produces asphalt, crushed stone and gravel. The involvement and knowledge of the field characterize the company. Turnover is approx. NOK 38 billionand half of the 7,800 employees hold company shares. Veidekke is listed on the Oslo Stock Exchange and has consistently made a profit since its inception in 1936.