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Veidekke to build NOK 330 million 'Media City' project in Stavanger, Norway

6/05/2024, 09:40

Photo: Ghilardi+Hellsten Arkitekter

Veidekke has been contracted by SVG Property AS to construct the 11,500 square meter "Media City" office and commercial building in Stavanger's city center. The NOK 330 million project will house tenants including NRK (Norwegian Broadcasting Corporation) and Stavanger Aftenblad newspaper.

Hilde Wexels Riser

“We are very pleased to finally begin construction on Media City after working closely on this project for a long time with SVG Property, Ghilardi+Hellsten architects and other partners,” said Bendik Aarstad, District Manager at Veidekke Construction Rogaland. “This will be an excellent addition to Stavanger’s cityscape.”

The development is part of SVG Property’s strategy to own properties long-term and drive urban regeneration. “Starting this important transformation project is something we’ve looked forward to. It will be an outstanding building for Media City tenants, but also appeal to others seeking prime office space at the vibrant Nytorget square,” said Tonje Rosenvold, CEO of SVG Property.

NRK and Aftenbladet will occupy the second and third floors, while the top three floors remain available for leasing. The ground floor will feature a food concept and meeting spaces. Underground facilities include parking, bike storage, technical rooms and an on-site energy plant with ground source heat pumps.

The project aims to achieve BREEAM Excellent certification and meet FutureBuilt’s circularity requirements. Construction has already begun with demolition work, targeting completion in June 2026. The contract value is included in Veidekke’s order backlog for Q2 2024.

The translation was written by an AI system, though the original text was authored by a human.