Daily Newsletter

16 September 2024

Daily Newsletter

16 September 2024

Veidekke to construct LINK office building in Bergen

The 16,400m² structure will be an addition to the Kronstadparken complex.

Upasana Mukherjee September 16 2024

Veidekke has been commissioned by Bara Eiendom to construct the new LINK office building in Kronstadparken, Bergen, Norway. 

The project, valued at Nkr504m ($47.46m) excluding VAT, is a design-and-build contract that will see Veidekke as one of the future tenants.  

Veidekke Bergen district manager Thor Småbrekke said: “We have enjoyed good, continuous collaboration with Bara Eiendom for 14 years and LINK will be the seventh office building in a row that we have built for them.  

“We are grateful for this renewed confidence and at the same time we are looking forward to moving into what will be the largest building in Kronstadparken to date.” 

The 16,400m² building will be an addition to the Kronstadparken complex, located between Fjøsangerveien (E39) and the Bergen Light Rail.  

This eight-storey structure will feature two basement levels offering amenities such as cloakroom facilities, indoor cycle parking, and car parking spaces. 

It will have common facilities including a meeting room centre, a game zone, a podcast studio, and an in-house restaurant.  

Additionally, it will include a rooftop garden for growing fruits, berries, vegetables, and herbs.  

The project prioritises biodiversity, smart technology, and resource, energy optimisation, reuse, and flexible design for easy rebuilding. 

The building aims to achieve the Building Research Establishment Environmental Assessment Methodology (BREEAM)-NOR Excellent certification and meet energy class A standards. 

Construction work on the ground and basement levels commenced in June this year, with the rest of the building works to follow shortly.  

The expected completion date for the project is December 2026. 

The contract has been included in Veidekke's order book for the third quarter of 2024.  

This announcement comes on the heels of Veidekke securing a contract for the first phase of the Skeiane station residential project in Stavanger, Norway. 

India Construction Market Overview

Per GlobalData, construction market size in India was valued at $791.9 billion in 2023, and is expected to achieve an AAGR of >5% during 2025-2028. Our latest report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers.

India Construction Market Overview

Per GlobalData, construction market size in India was valued at $791.9 billion in 2023, and is expected to achieve an AAGR of >5% during 2025-2028. Our latest report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers.

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