AF Gruppen

Regulatory Filings • Oct 4, 2024

Building a school in Østfold

Building a school in Østfold

Betonmast, a subsidiary of AF Gruppen, has signed an agreement with Indre Østfold municipality for the rehabilitation and expansion of Hovin Primary School in Spydeberg, Østfold. The contract is a collaborative project valued at approximately NOK 250 million excluding VAT.

The project includes the rehabilitation of the existing school, covering 5,200 m², as well as an extension of 2,200 m². The school will become a complete three parallel primary school. The goal is for the school facility to become an attractive community facility that is regularly used outside of school hours as well.

“Betonmast has extensive experience and expertise from similar school projects, so this project suits us well. After a good collaboration process, we now look forward to realizing this important project for the local community in Spydeberg,” says Peter Sandrup, CEO of Betonmast.

Construction is estimated to start in the spring of 2025 after the detailed zoning plan is completed.

For further information:

Peter Sandrup, CEO of Betonmast, tel: +47 915 88 645

Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel: +47 918 68 621