AF Gruppen

Regulatory Filings • Oct 11, 2019

To build new homes in fast growing Swedish city

To build new homes in fast growing Swedish city

AF Gruppen's subsidiary HMB Construction AB has signed an agreement with Eskilstuna Kommunfastigheter AB to build 65 new rental apartments in the new Munktellstaden. The contract is worth approximately SEK 112 million.

Munktellstaden is centrally located by the Eskilstuna River and is characterised by beautiful historical industrial environments. Today there are arenas for sports, the performing arts, experiences and knowledge. The district is now being completed with a total of 400 new homes.

HMB’s assignment is to build 65 homes with underlying car parking, right next to Eskilstuna’s arena for sports, concerts and exhibitions. The homes are planned to be ready for occupancy in autumn 2021. This is a design and construct contract.

Eskilstuna Kommunfastigheter and HMB have collaborated on a number of earlier housing projects and together the companies have also built and renovated older homes and schools.

“Eskilstuna is one of the fastest growing municipalities in the country. We are proud to have once again been trusted with contributing to creating attractive and vibrant environments in the town,” says Bård Frydenlund, EVP Sweden at AF Gruppen.

HMB Construction is building in Stockholm, Mälardalen, Dalarna, Västmanland, Uppland and Gästrikland, and currently has 1,500 apartments in production. In 2018, the company recorded sales of SEK 1.3 billion.

For further information:

Bård Frydenlund, EVP Sweden, tel. +47 918 68 621

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