AF Gruppen

Regulatory Filings • Jun 22, 2021

Builds apartments in central Stockholm

Builds apartments in central Stockholm

Betonmast, a subsidiary of AF Gruppen, has entered into a contract with property developer Balder for the construction of apartments in central Stockholm. The contract, which is a turnkey contract, has a value of approximately SEK 225 million excl. VAT.

The "Gladan" project includes demolition of the existing office building and construction of 144 apartments with an associated underground garage on Kungsholmen. The total area is 12,000 m2. The buildings will be constructed according to the Nordic Swan environmental certification.

“This is our first project for Balder in the Stockholm region. We look forward to getting to know the client and to be a part of the exciting development in central Stockholm”, says Jørgen Evensen, CEO of Betonmast.

Engineering will start in Q3 2021, with construction scheduled to start in Q4 2021. The project will be completed in Q4 2023.

For further information:

Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310

Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel.: +47 918 68 621