AF Gruppen

Regulatory Filings • Jun 25, 2019

Building more apartments in Sandefjord

Building more apartments in Sandefjord

Strøm Gundersen Vestfold, which is majority owned by AF Gruppen, has been chosen as contractor for construction phase 2 of the apartment project at Nye Kilen Brygge in Sandefjord.

The Client is Kilen Utbygging 2 AS, which is owned by AF Eiendom in partnership with Miliarium Bolig. The contract encompasses the implementation of construction phase two, which comprises three buildings with a total of 56 apartments and associated outdoor works.

The contract will be carried out as a collaborative design and build contract and is valued at NOK 122 million, excluding VAT. The project is scheduled for completion by Easter and November 2020 respectively.

The Nye Kilen Brygge development consists of a total of seven buildings with 136 apartments divided across to construction phases. More than 80 per cent of the apartments have already been sold and Strøm Gundersen Vestfold is well underway with construction phase 1. The first apartments will be ready for occupancy during the course of the first quarter of 2020.

"Nye Kilen Bygge is a great project affording fantastic views of the shore and is located just five minutes’ walk from the centre of Sandefjord. ‘We have good interaction between the developer and contractor, and we are looking forward to continuing this excellent work in the next construction phase," says Amund Tøftum, EVP Building at AF Gruppen

For further information:

EVP Building: Amund Tøftum, tel. +47 920 26 712

CEO: Morten Grongstad, Tel. +47 991 53 905