VEIDEKKE VEI NON-REGULATORY PRESS RELEASES

Veidekke: Phase Two of Eikeparken Residential Development in Stavanger

03. July 2026 kl. 07:59

Veidekke has been awarded a contract by Base Bolig and Bori BBL to construct the second phase of the Eikeparken residential development at Kristianslyst in Stavanger. The project comprises 38 apartments distributed across two residential buildings. The contract is a design and build agreement valued at NOK 109 million excluding VAT.

"We greatly appreciate Base and Bori once again placing their trust in us and choosing to continue our collaboration on Eikeparken. This is a project offering high-quality living standards in an attractive location, and it aligns well with our strategic focus on residential construction in Rogaland," says Bendik Aarstad, District Manager at Veidekke Bygg Rogaland.

"Moving ahead with the next construction phase at this point allows us to benefit from the experience, collaboration and continuity established through the work already underway on the site. This provides a strong foundation for efficient project execution and a high-quality end result," Aarstad adds.

Eikeparken is situated in a quiet and secluded area of Kristianslyst, within close proximity to the bus rapid transit route, schools, sports facilities and green recreational areas. The apartments will range in size from 44 to 125 square metres and will be distributed between two buildings of four and five storeys, respectively. Residents will have access to shared fitness facilities as well as a guest apartment for overnight visitors.

"We continue to experience strong interest in Eikeparken, and it is very positive to be taking the next step in the development of the area. The project offers an attractive combination of a central location, proximity to green surroundings and high-quality shared amenities that we know will appeal to a broad range of homebuyers," says Rune Bertelsen, Property Developer at Base.

Demolition works are scheduled to commence this autumn, enabling construction to begin in the first quarter of 2027. The apartments are expected to be handed over to buyers during the summer of 2028. Read more about the project here.  (https://eikeparken.no/)

The contract will be included in Veidekke's order backlog for the second quarter of 2026.

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.