AF Gruppen

M&A Activity • Jun 17, 2020

AF continues to develop Bispevika

AF continues to develop Bispevika

AF Gruppen has entered into a final agreement for site preparation and basement work at Clemenskvartalet, Bispevika Syd, Field B8a. The client is Clemenskvartalet Bolig/FBK AS, which is owned by Oslo S Utvikling AS and HAV Eiendom AS. The project is located south of Bispekilen, along Kong Håkon 5s gate and the water plane at Middelalderparken and is the first field initiated by OSU in Bispevika Syd.

The agreement is a collaborative turnkey contract and the value of the contract is estimated at NOK 420 million excl. VAT. The building has a BREEAM environmental classification of “Very Good”. The soil mechanics in this part of the city are demanding, including the regard to archaeological management.

The work includes the design and execution of site preparation and concrete work for basements. The size of the plot is about 8,500m2. Clemenskvartalet will comprise of approximately 270 apartments and businesses on the ground and 1st floors. This contract covers the execution of the basement consisting of two underlying basement floors. The work started in 2019 and so far about 50% of the contract has been completed. Completion is expected in April 2021.

“Bispevika is an exciting area for urban development on which we have collaborated with Oslo S Utvikling (OSU) for several years in Bispevika Nord. After completing the Dronninglunden residential project and now with Vannkunsten under construction, we are pleased to be able to deliver the next step in Bispevika Syd in close cooperation with Clemenskvartalet and OSU,” says Geir Flåta, Executive Vice President of AF Gruppen.

For further information:

EVP Building, AF Gruppen: Geir Flåta, tel. 994 01 510

CEO, AF Gruppen: Morten Grongstad, tel. +47 991 53 905