Aker Solutions & Aker BP Secure New, Future-Oriented Offices

Aker BP and Aker Solutions have signed a long-term agreement with the owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy-efficient office buildings in Stavanger from 2024/to 2025.

The new office complex will be located seaside near the leaning tower in Jåttåvågen. The total construction cost is NOK 2 billion. 

“This is a great and important milestone for Aker BP and Aker Solutions. Through the agreement with HPU, we secure long-term, modern, and future-oriented offices for the good of the Aker companies in Stavanger. It also reflects our intention to continue with a high activity level for many years to come,” said Marius Gjære, SVP Project Resources and location manager for Aker Solutions in Stavanger. 

“The new office complex is tailor-made for flexibility and collaboration. The future offices will support our ambition to be at the forefront in the transformation of the oil and gas industry and will among other things include an integrated operation center for remote operations of our offshore fields,” said Ine Dolve, SVP Operations and Field Development, and Manager of Aker BP’s Stavanger office. 

The development project has been named “Valhall” and will consist of two six-story buildings with a total of 71,000 square meters. Aker BP and Aker Solutions have signed separate long-term leases for a total of 48,000 square meters, split into two buildings. There will also be an area available for third-party tenants in the office complex. 

The new buildings will accommodate extensive digital collaboration and efficient execution of activities onshore and offshore. The buildings will be located in close proximity to public transportation, including buses and trains. 

HPU owns the property and will be the responsible developer in cooperation with the main contractor HENT. Construction start is scheduled for September, provided public approvals. 

The first phase of the development project is scheduled for completion by the end of 2024, while the remaining office space will be ready before the summer of 2025.

The parties have signed a lease agreement with a duration of 10 years for the main part of the office complex. In addition, Aker BP has signed an extended lease agreement for 15 years for a specially designed collaboration center in one of the buildings. 

During the coming 10 years, HPU is planning to transform Jåttåvågen into a central residential and business area for the region, with 1,500 housing units and 6,000 office places that will be developed together with restaurants, parks, public services, and swimming areas. 

With this agreement, Aker BP and Aker Solutions will play a central role in the development of the area.

Facts

• Hinna Park Utvikling (HPU) owns the ground where Aker BP and Aker Solutions’ new office buildings will be located
• HPU is owned by Stavanger utvikling KF, Entra, Camar Eiendom and OBOS
• Aker BP and Aker Solutions will lease a total of 48,000 square meters divided into two separate buildings that are a part of the “Valhall” office complex. They will have separate leasing agreements
• The project will be developed as buildings for the future with a high focus on the environment, quality, and sustainable solutions, including energy class A and Breeam-Nor Excellent environmental certification. In addition, “Valhall” will be built according to the WELL Building Standard
• The buildings will be located on either side of the new bus road that is planned through the area

Aker Solutions delivers integrated solutions, products, and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 people in more than 20 countries.

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