Veidekke: Two New Residential Projects for K2 Bolig in Stavanger

K2 Bolig has awarded Veidekke contracts to build two residential developments in Stavanger: Krossen at Hundvåg and Utsikten at Vardeneset. Krossen comprises 20 apartments in one building, while Utsikten consists of 34 apartments across two buildings. The contracts are design and build agreements with a combined value of NOK 212 million excluding VAT.

"Together with Krossen and Utsikten, we now have eight residential projects under construction locally for K2 Bolig this summer. First and foremost, this is a very gratifying vote of confidence and confirmation of a collaboration that works exceptionally well. Having the same developer, architect, design-build contractor, and several key suppliers and consultants across these projects creates important synergies for all parties, both during the design phase and throughout construction," says Bendik Aarstad, District Manager at Veidekke Building Rogaland.

The Krossen development consists of two-storey homes located in Hundvågkrossen, with the sea as its closest neighbour. The apartments will range in size from 40 to 93 square metres and will feature glazed balconies, a shared parking garage, and bicycle parking facilities. The Utsikten project is located close to Vardeneset Church. Apartments will range in size from 40 to 104 square metres. Residents will have access to a shared community building and guest apartment, and a KIWI grocery store will be located on the ground floor of one of the buildings.

"We are very pleased with sales progress so far and the positive market response these projects have received. These are attractive apartments offering excellent sunlight and views, well-conceived layouts, and striking architecture. We look forward to commencing construction together with Veidekke," says Kjersti Alvik Kulleseid, Project Director at K2 Bolig.

Construction work will commence almost immediately. Handover of the Krossen project is scheduled for late 2027, while Utsikten is expected to be completed in autumn 2028.

The contracts were included in Veidekke's order backlog for the second quarter.

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.

More information: Access the news on Oslo Bors NewsWeb site