Veidekke has been awarded a contract by K2 Bolig and Bane NOR Eiendom to construct the second phase of the Hinnavågen residential development in Stavanger, comprising 44 apartments across three apartment buildings. The contract is a design and build agreement valued at NOK 114 million excluding VAT.
"We are very pleased that K2 Bolig and Bane NOR Eiendom once again have chosen Veidekke as their partner in Hinnavågen, and it is encouraging to see sales progressing so well that we can move directly on to the next construction phase.
We will now fully benefit from the experience gained and the collaboration already established on the project, ensuring a seamless transition and the best possible conditions for delivering high-quality homes to our customers," says Bendik Aarstad, District Manager at Veidekke Building Rogaland.
Combined, the two phases will comprise 73 corner apartments ranging from 43 to 127 square metres, all featuring spacious balconies and between one and three bedrooms. The development will offer a warm and charming townhouse atmosphere, with homes distributed across five buildings of four and five storeys.
Hinnavågen is located in an established residential area within easy reach of schools, sports facilities, the bus transit route, a bathing beach, and green recreational areas. The neighbourhood also offers a wide range of shops and services within walking distance.
"We are very satisfied with the sales launch of the second phase and the positive market response, and we look forward to commencing construction of the next stage of the project. In total, more than 60 per cent of the homes across the entire development have now been sold, indicating that the concept has been very well received," says Sølvi Sandstøl, Project Director at K2 Bolig.
Construction of phase two is scheduled to commence during autumn 2026. The entire residential development is expected to be completed by summer 2028. Read more about the project here. (https://hinnavagen.no/)
The contract will be included in Veidekke's order backlog for the second quarter of 2026.
For further information, please contact:
District Manager Bendik Aarstad, Veidekke Bygg Rogaland, tel. +47911 93 701,
bendik.aarstad@veidekke.no (are.westbye@veidekke.no)
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
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Veidekke (https://www.veidekke.com/) is one of Scandinavia's largest contractors. In addition to undertaking all types of building and civil engineering assignments, the group also maintains roads and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience.
Its annual turnover is approximately NOK 43 billion, and half of its 8,000 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year since its inception in 1936.