Veidekke: Building the Odden residential project in Stavanger

Veidekke has been commissioned by Odden 1 AS to build the first construction stage of the Odden residential project in Hinna Park, Stavanger. The project consists of 56 environmentally certified apartments in three buildings in addition to a parking facility. The contract is a design and build contract valued at NOK 208 million excluding VAT.

“We appreciate the confidence shown in us and are looking forward to starting to build Odden. This is the first stage of a great project where we have taken part in its development, and which we will follow closely as it is just on the doorstep of our own and OBOS’s Stavanger offices. We’ve been working purposefully to reduce the climate footprint of the building, and it makes me proud to see the emission cuts we have managed to achieve. For the basement alone, we will reduce greenhouse gas emissions by just over 40%,” says district manager Bendik Aarstad of Veidekke Bygg Rogaland.    

The project will be implemented through the company Odden 1 AS, which is a collaboration between Stavanger Utvikling, Entra, Camar Eiendom and OBOS Nye Hjem. The first construction stage will consist of three buildings of five to seven floors and a common underground parking facility. The homes are characterised by a large extent of variation with two to six bedroom apartments from 51 to 246 m².

“We are delighted to start this great residential project in Hinna Park. There will be homes for everyone with good public transport options, attractive park areas and the sea present on all sides. We’re looking forward to a great partnership with Veidekke. This is an important milestone for the further transformation of the area,” says general manager Målfrid Holme of Odden 1 and Hinna Park Utvikling.

“As a part of our environmental commitment, all new OBOS homes are subject to environmental certification, and the homes at Odden will receive BREEAM-NOR certification at the Very Good level according to the v6.1 manual. With this starting point, the environment is very much in focus at Odden,” says project manager Espen Ekeland with OBOS Nye Hjem Rogaland.

Construction works will start in June and the homes will be handed over in the first half of 2026. This commission is included in Veidekke’s order book for Q2. Read more about the project here.

For further information, please contact:
Bendik Aarstad, district manager, Veidekke Bygg Rogaland, tel. +47 911 93 701, bendik.aarstad @veidekke.xx
Helge Dieset, Communications Manager Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no
Espen Ekeland, project director, OBOS Nye Hjem Rogaland, tel. +47 458 69 055, espen.ekeland@obos.no

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Veidekke 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. Annual turnover is approx. NOK 43 billion, and almost 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.