AF Gruppen

Regulatory Filings • Mar 27, 2023

To build combined residential and commercial property outside Bergen

To build combined residential and commercial property outside Bergen

LAB Entreprenør AS, a subsidiary of AF Gruppen, has entered into an agreement with Frekhaug Torg AS to build a combined residential and commercial building in Alver municipality. The contract has a value of approximately NOK 103 million, excluding VAT.

The project involves the demolition/renovation of an existing commercial building and the construction of a new building approx. 5,100 m2 in size across four storeys.

The building, which is in the centre of Frekhaug, will have commercial space on the two lower floors and 22 rental homes on the two top floors. Emphasis will be on environmentally efficient solutions and high-quality materials and technical systems.

The project has been developed in a good partnership between the client and contractor, and construction starts in March 2023 with completion scheduled for July 2024.

“We appreciate the confidence Frekhaug Torg AS has placed in us in the process of developing the project. LAB has high ambitions for the project, and we are looking forward to the work on renovation/rehabilitation and extension in partnership with the client,” says Gard Kvalheim, CEO of LAB Entreprenør AS.

For further details, please contact:

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

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