Serneke to construct housing in Kungälv on behalf of Riksbyggen

“We are pleased to be able to start another project with Riksbyggen. Naturally it also gratifying that Serneke has continued to gain the trust needed to play a major role in the development of the Kongahälla district,” says Christopher Hjelm, Deputy Construction Manager at Serneke Construction.

“It feels very good to soon be able to commence construction of new senior housing in Kungälv, under Riksbyggen’s popular Bonum concept. There is considerable need for housing for seniors and with its Bonum concept, Riksbyggen is able to offer comfortable housing focusing on community and household services,” says Martin Linsten, Market Area Manager at Riksbyggen Bostad.

The contract includes construction of 46 tenant-owner apartments of two to four rooms in a six-story building above a basement with a garage. Construction will commence in November 2018 and the project is scheduled for completion in the summer of 2020.

The order value of approximately SEK 150 million is included in order bookings for the fourth quarter of 2018.

For additional information, please contact:

Christopher Hjelm, Deputy Construction Manager, Serneke Construction
Tel: +46 76 192 85 36
christopher.hjelm@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 approximately SEK 6 billion and about 1,100 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, Eskilstuna, 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.se