Veidekke to deliver mixed-use development in Kristiansand

The project will involve the construction of 371 residential apartments in order to accommodate 400 students.

vishnupriya September 15 2023

Norwegian construction and civil engineering company Veidekke has signed a contract with the Student Welfare Organisation of Agder (SIA) to develop a mixed-use development in Kristiansand, Norway.

The estimated value of this design and build contract is worth approximately Nkr450m, excluding VAT.

Veidekke Bygg Agder district manager Atle Monan said: “We would like to thank SiA for their good, close cooperation during the interaction phase and that we have now also been awarded the actual construction commission.

“There is a great need for more student housing in Kristiansand and it is a great pleasure for us to build something that means so much to many people here in the city.

“Veidekke has built beautiful student housing in solid wood in many towns and cities around the country, which is why we are now pleased to build the same here in Kristiansand.”

Located at Lund Torv, this project will comprise two solid wood buildings of five and six storeys, respectively.

The overall area will measure more than 17,000m² to accommodate 400 students in 371 residential apartments. It will also feature commercial sites on its ground level and parking spaces in the basement.

Furthermore, the project will feature common function areas such as laundry rooms, storage spaces, bicycle parking, and caretaker quarters.

There will also be development of the outdoor area between the two buildings.

Demolition works will begin next week, with construction work expected to commence next month.

The project is set to be open for occupancy by August 2025.

Last month, Veidekke was contracted to deliver the third and final stage of the Lille Løren Park project in eastern Oslo, Norway.

South-East Asia Construction Market Dynamics

Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.

Newsletters by sectors