Serneke expands in Jönköping

The strategic cooperation agreement with Vätterhem is part of a four-year framework agreement with an option for a two-year extension. Vätterhem estimates that it will need to build as many as 1,500 apartments in the municipality during the period. Serneke is one of three contractors having passed the municipality’s procurement process and the agreement allows for a volume of 10-20 percent of Vätterhem’s total new production.

In the first stage, Serneke has been commissioned to construct 47 apartments in the Stensholm block in Fagerslätt and 22 apartments in the Vingpennan 2 block in Kungsängen. The value of the contract amounts to approximately SEK 85 million and will be booked as an order in the third quarter of 2018.

In addition to the collaboration with Vätterhem, Serneke has also been commissioned to construct the Vikaren pre-school for the Municipality of Jönköping. The value of the contract is about SEK 41 million and will be booked as an order in the third quarter.

“We see great opportunities in Jönköping, given its considerable need for housing and its geographical location between Stockholm, Malmö and Gothenburg. We are pleased to have a presence locally and to have secured these projects. We look forward with confidence to implementing these and to expanding further in the region,” says Peter Andersson, Construction Manager at Serneke Construction.

For additional information, please contact:

Peter Andersson, Construction Manager, Serneke Construction
Tel: +46 704 31 51 17
peter.andersson@serneke.se

Johan Live, Press Officer, Serneke Group AB
Tel: +46 768 68 11 37
johan.live@serneke.se

Serneke is a rapidly growing corporate group active in construction, civil engineering, project development and property management. The Group was founded in 2002 and today has income of nearly SEK 5.6 billion and nearly 1,000 employees. Through novel thinking, the Company drives development and creates more effective and more innovative solutions for responsible construction. The Company builds and develops housing, commercial buildings, industrial facilities, public buildings, roads and civil engineering projects, and other infrastructure. The Company’s customers are public and commercial clients, and operations are focused on the three metropolitan regions in Sweden, Gothenburg (Region West), Stockholm (Region East) and Malmö (Region South). Serneke has its headquarters in Gothenburg and offices in Stockholm, Malmö, Alingsås, Borås, Halmstad, Helsingborg, Jönköping, Skövde, Strömstad, Trollhättan, Uppsala, Varberg and Växjö. The Company’s Series B shares (SRNKE) have been listed on the Nasdaq Stockholm exchange since November 2016.

Further information about Serneke Group AB is available at www.serneke.group