AF Gruppen

Regulatory Filings • Mar 22, 2024

Building a hotel and office building in Drammen

Building a hotel and office building in Drammen

Strøm Gundersen AS, a company within AF Gruppen, has been selected as the contractor for two contracts for the construction of a hotel and an office building in Brakerøya, Drammen. Both contracts are turnkey contracts and have a combined value of NOK 516 million excluding VAT.

The first contract has been entered into with Drammen Helsepark Bygg BK 3-1 AS and pertains to the construction of a conference center and a hotel covering approximately 13,600 square meters of gross floor area (BTA) with 9 floors and 220 rooms. The agreement is valued at NOK 345 million excluding VAT.

The second contract has been entered into with Drammen Helsepark Bygg BK 3-2 AS and involves the construction of an office building with 8 floors and approximately 5,600 square meters of BTA. The agreement is valued at NOK 171 million excluding VAT.

Both buildings will be constructed above an existing underground parking garage built under a separate contract. The buildings are aiming for BREEAM-NOR Excellent certification. Construction work is expected to commence in the 4th quarter of 2024 with completion in the 2nd quarter of 2026.

The new hospital in Vestre Viken, where AF Gruppen has several contracts, is under construction in Brakerøya, Drammen. On neighbouring plots, health-related facilities are being developed under the name Drammen Helsepark. Drammen Helsepark is wholly owned by Bane NOR Eiendom AS.

For further information:

CEO of Strøm Gundersen AS: Arne Riise, tel: +47 975 31 249

EVP Building, AF Gruppen: Tormod Solberg, tel: +47 950 59 495