Veidekke: New residential commission in Stavanger

Veidekke has been commissioned by Selvaag Bolig ASA to build the residential project Kanaltunet at Lervig Brygge in Stavanger. The project consists of 91 apartments in three buildings and parking facilities. The contract is a design and build contract valued at NOK 276 million, excluding VAT. 

Kanaltunet Stavanger

“We are very happy to have won the competition for this commission and to have gained renewed trust from a good customer in Selvaag Bolig. This is a very attractive project with high qualities and the extension of a popular area in Lervig. It is therefore understandable that there is great interest in the project and that sales have gone so well in a somewhat demanding market. We have extensive and good experience with this type of project, so this is a good match with our portfolio and gives us good continuity in our focus on apartment housing," says district manager Bendik Aarstad with Veidekke Bygg Rogaland.

The three apartment buildings will have six floors and the apartments vary in size from 46 to 103 m2. There will be underground parking in the basement, which will also contain storage rooms and technical rooms. Between and around the buildings, high-quality outdoor areas and a promenade along the sea will be developed.

"The contractor has been selected, and we are now initiating the process of planning and starting construction. At Selvaag Bolig we are pleased to get going with the project along with Veidekke. We’re looking forward to further developing the great neighborhood and extending the promenade and outdoor areas. Selvaag Bolig is pleased with the start of sales and the positive response in the market. Our goal is occupation by the end of 2025,” says Christian Flølo Geithus, regional manager with Selvaag Bolig.

This contract is included in Veidekke's order book for the first quarter 2024. Read more about the project here.   

For further information, please contact:  
Bendik Aarstad, district manager with Veidekke Bygg Rogaland, tel. +47 911 93 701, 
Helge Dieset, Communications Manager Veidekke, tel. +47 90 55 33 22,
Christian Flølo Geithus, regional manager with Selvaag Bolig, tel. +47 951 39 268,

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Veidekke is one of Scandinavia’s biggest 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.

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