Veidekke: New housing contract in Stavanger

Veidekke has been commissioned by Øgreid Eiendom AS to build the second stage of the Søstrene Hinna residential project in Stavanger. This is a building with 30 apartments with underground parking, 11 townhouses and underground parking for the next sales stage. The contract is a design and build contract valued at NOK 133 million, excluding VAT. 

“We are pleased and proud of the renewed confidence shown in us for the next construction stage of Søstrene Hinna. We have a very good partnership with Øgreid Eiendom on the project and will now have good continuity for our team at the site. It is also pleasing to see that residential sales are so good in Stavanger in general and in Jåttåvågen in particular, which means that we can start planning further development stages together with Øgreid,” says District Manager Bendik Aarstad with Veidekke Bygg Rogaland.    

The Søstrene Hinna project includes extensive green areas and spacious common areas. On the seventh floor of the apartment building there will be coworking spaces for use by residents. There will also be guest rooms with hotel standard on the ground floor. The project is located in Hinna Park, which will be Stavanger’s most modern district. When fully developed, the area will have around 1,500 new homes and 6,000 jobs, attractive outdoor spaces and parks with a short distance to shops, restaurants, trains, buses and bike paths. 

“We are pleased to sign yet another contract with Veidekke Rogaland for stage 2 of Søstrene Hinna. The project has been a success in the market and we have a contractor on board that delivers quality at every level. We are looking forward to planning further construction stages at Søstrene Hinna in Hinna Park,” says project manager Stig Kristensen of Øgreid Eiendom. 

Start of construction is planned for May/June, and the homes are scheduled to be ready for occupation in Q1 2025.  

For further information, please contact:  
Bendik Aarstad, district manager with Veidekke Bygg Rogaland, tel. +47 911 93 701, bendik.aarstad@veidekke.no 
Helge Dieset, Communications Manager, Veidekke, tel. +47 90 55 33 22, helge.dieset@veidekke.no
Erlend Aanestad, general manager, Øgreid Eiendom, tel. +47 400 77 625, erlend.aanestad@ogreid.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 39 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.