Veidekke has been commissioned by Odden 1 AS to also construct the third phase of the Odden residential project in Hinna Park in Stavanger. The contract comprises the construction of 36 apartments in an 11-storey building under a design and build contract valued at NOK 107 million, excluding VAT.
"We greatly appreciate the trust and the opportunity to once again continue our collaboration with Odden 1 AS in a new phase. It is very rewarding to achieve continuity and to benefit from synergies and close collaboration in such a phased development, and we look forward to building further on the strong foundation we have established together in the two previous stages," says district manager Bendik Aarstad of Veidekke Bygg Rogaland.
Since May 2022, Veidekke has developed the residential project in close collaboration with Odden 1 AS, a partnership between Stavanger Utvikling, Entra, Camar Eiendom and OBOS Nye Hjem. Veidekke has previously entered into contracts for the first and second phases, which have respectively been completed and are currently under construction.
"At Odden, residents have already moved into all three of the first buildings, and we see that customers appreciate the qualities of the attractive location close to the sea. It is also rewarding to see many happy faces as residents enjoy the view from their balconies or spend time outdoors in the park or along the waterfront. Construction of the structural works in phase two is progressing well, and it is exciting to get started on yet another phase. We look forward to continuing the development and to enabling even more people to enjoy living at Odden," says project director Espen Ekeland of OBOS Nye Hjem Rogaland.
Construction will begin during the autumn, with completion scheduled for the second half of 2028. Read more about the project here (https://www.obos.no/bolig/prosjekt/odden).
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
Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028 -Pressebilder-Veidekke/) Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner -pa-meldinger/) 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.
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