AF Gruppen

Regulatory Filings • Jul 6, 2023

Building an extension to commercial premises in Oslo

Building an extension to commercial premises in Oslo

AF Gruppen has signed a contract with Ensjøveien 23B for the construction of an extension for the Salvation Army at Ensjø in Oslo. The contract will be carried out as a turnkey contract and is valued at approximately NOK 120 million, excluding VAT.

The project includes the construction of an extension that will be connected to existing commercial premises on the site. The extension will have an area of approx. 3,000 m2, and contains, among other things, an assembly hall, external activities, an activity hall and office space.

The site and existing buildings are currently owned by Höegh Eiendom but will be transferred to Salvation Army Eiendom after completion of the extension as part of exchange of real estate.

"We are very pleased to be able to continue our good cooperation with Höegh and the Salvation Army from the interaction phase to execution. The building will be both a great addition to the local community and good office space for the Salvation Army," says Eirik Wraal, EVP of AF Gruppen.

The building will be BREEAM certified according to BREEAM NOR v. 6.0 to level Very Good. Construction will start in July 2023, with a construction time of approximately 18 months.

For further details, please contact:

Eirik Wraal, EVP Building, Energy and Environment in AF Gruppen, tel. +47 905 73 975

Amund Tøftum, CEO AF Gruppen, tel. +47 920 26 712