Scandinavian Property Development has started construction of Hundsund. This is the second construction project on the Fornebu land itself, after Fornebu Hageby I, where construction was started on May 21st. The project comes in addition to the construction in Rolfsbukta, where the first stage of construction is already completed.
It is the first 40 residential units which Scandinavian Property Development is now starting to build at Hundsund. According to plan, the first units will be completed during fourth quarter next year. Hundsund is part of the major Fornebu development which in total consists of about 5,000 residential units.
Hundsund is a unique project, with spectacular sea views. This is another important milestone in the transformation of Fornebu into a new residential area, says CEO Stein Haugbro of SPDE.
Hundsund AS, a wholly-owned subsidiary of SPDE, has entered into an agreement with Vedal regarding the residential construction at Hundsund. Scandinavian Developement and Constructive Development have been hired as project and development managers. Niels Torp and Arcasa are the architects of the project.
We have already sold about 80% of the residential units of this development stage at Hundsund. This underscores the quality of this project and the attractiveness of Fornebu as a residential area, says Haugbro.
Hundsund consists of several building phases. This first phase consists of 40 residential units and approximately 4,000 m