AF Gruppen

M&A Activity • Mar 13, 2024

Building 77 apartments in Bergen

Building 77 apartments in Bergen

LAB Entreprenør AS, a company within AF Gruppen, has entered into an agreement with Gjelsten Bolig AS (formerly known as Profier AS) for the residential project Sjøbodene in Sandviken, Bergen. The contract is a turnkey project with an estimated value of approximately NOK 285 million excluding VAT.

The project consists of five waterfront apartment buildings in Sandviken, Bergen, with storage space beneath two of them. An existing quay will be demolished and replaced with a larger one to accommodate the new buildings.

“We are delighted to have been chosen to carry out another exciting and attractive residential project for Gjelsten Bolig,” says Gard Kvalheim, CEO of LAB Entreprenør.

Construction work is scheduled to begin in Q3 2024, with completion expected in Q3 2026. The project’s start is contingent on sufficient pre-sales.

For further details, please contact:

CEO of LAB Entreprenør AS: Gard Kvalheim, tel. +47 907 54 394

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