AF Gruppen

Regulatory Filings • Nov 20, 2023

Purchasing Ullevålsveien 114

Purchasing Ullevålsveien 114

AF Gruppen and USBL have jointly entered into an agreement to purchase the plot Ullevålsveien 114 in the City of Oslo. The seller is Fortuna Estate AS, and the site will be owned 50% by AF Gruppen and 50% by USBL.

Ullevålsveien 114 is a 2,212 square metre plot and has a framework permit for the construction of a total of 7,087 gross square metres of housing and 662 gross square metres of commercial space.

The purchase price for the plot is NOK 240 million excluding stamp duty, which will be paid upon estimated takeover on 15 December 2023.

“We look forward to further developing and implementing the project together with our partner. Ullevålsveien 114 is currently an undeveloped site in a central and attractive location in Oslo. Our goal is to create a future-oriented and attractive housing project that will complement the cityscape and enhance Fagerborg as a good residential area," says Amund Tøftum, CEO of AF Gruppen.

For further details, please contact:

Geir Flåta, EVP Civil Engineering, tel.: +47 994 01 510

Amund Tøftum, CEO, tel.: +47 920 26 712