Veidekke ASA: New housing contract in Stavanger

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K2 Bolig AS has awarded Veidekke the contract to build the Madla Tress residential project. The project comprises 39 apartments and retail premises at Madla in Stavanger. The contract is a design and build contract valued at NOK 106 million, excl. VAT.

The Madla Tress project consists of three apartment buildings with apartments ranging in size from 45 to 165 m2 gross area. On the ground floor there will be retail premises that will include a Coop Extra grocery store, a guest bedsit and function rooms. The basement will include storage spaces and private and public parking.

“Veidekke has extensive and good experience with carrying out construction of housing projects of this scale. This is an great project in one of Stavanger’s most attractive districts. We would like thank to K2 Bolig for the contract and are looking forward to getting started on construction work,” says director Are Westbye of Veidekke Bygg Business District Syd.

The project has been well-received in the market, and to date 27 apartments have been sold.

“In our project we have emphasised developing homes of high architectural quality and good homes with a good living environment, that we call homes according to the K2 Bolig standard. Start of construction has been approved, and home buyers will be a part of a safe and predictable journey from purchase to occupation,” says general manager Sigve Hebnes of K2 Bolig.

Construction is planned to start just before Christmas, and the homes are scheduled to be ready for occupation in the final quarter of 2023. More information on the project is available here:

For more information please contact:
Are Westbye, director of Veidekke Bygg Business District Syd, tel. +47 900 78 433,
Sigve Hebnes, general manager of K2 Bolig AS, tel. +47 911 42 921,
Helge Dieset, Communications Manager of Veidekke, tel. +47 90 55 33 22,

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Veidekke is one of Scandinavia's largest contractors. The company undertakes all types of construction and civil engineering contracts, maintains roads, and produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and local experience. Its annual turnover is approx. NOK 38 billion, and around half of its 8,100 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.