AF Gruppen

Regulatory Filings • Apr 14, 2020

Building environmentally friendly apartments in Stockholm

Building environmentally friendly apartments in Stockholm

HMB Construction, a subsidiary of AF Gruppen, has signed a contract to build 180 rental apartments in the project Tallbohov Elctric Village near Stockholm. The contract value is SEK 237 million, excluding VAT.

HMB Construction will build four high-rise buildings s in the first of two phases in Tallbohov Elctric Village for Fastighets AB Tornet. The housing project is included in a research project to develop sustainable and innovative residential buildings, a project which is supported by Boverket, the Swedish National Board of Housing, Building and Planning.

The apartments will nearly be energy self-sufficient. The heating system will be controlled by artificial intelligence, which chooses the energy source that currently has the lowest carbon emissions – solar energy, geothermal energy, district heating or traditional electricity.

“What we build should be of great value for people, society and the environment. We are happy to be involved in a project that can realize some of the future’s energy and heating solutions”, says Bård Frydenlund, EVP Sweden at AF Gruppen.

The ground works will commence during the spring and the apartments are expected to be handed over by the summer of 2023.

HMB Construction is one of seven subsidiaries of AF Gruppen Sverige. HMB has operations in Stockholm, Mälardalen, Dalarna, Västmanland, Uppland and Gästrikland. In 2019, the company recorded sales of SEK 1.4 billion.

For further information:

Bård Frydenlund, EVP in Sweden for AF Gruppen, tel. +47 918 68 621

Andreas Rydbo, Managing Director AF Gruppen Sweden, tel. +46 31 762 40 03