AF Gruppen

Regulatory Filings • May 22, 2024

Building 141 apartments in Ås

Building 141 apartments in Ås

Betonmast, a subsidiary of AF Gruppen, has signed a contract with Moerveien AS for the construction of apartments in Ås in Follo. The contract is a turnkey project with a value of approximately NOK 400 million excluding VAT.

Moerveien AS is owned by Bakkegruppen and IK Gruppen.

The Fredheimkvartalet project consists of 141 apartments in Ås city center. The quarter will have an urban identity with service and retail offerings at street level.

“In a challenging housing construction market, it is particularly gratifying to secure this excellent project together with Moerveien AS,” says Peter Sandrup, CEO of Betonmast.

Construction work is expected to commence in the third quarter of 2024, and Fredheimkvartalet is scheduled for completion in the third quarter of 2026

For further details, please contact:

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

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