AF Gruppen

Regulatory Filings • Mar 26, 2019

AF Gruppen to build 196 apartments in Nittedal

AF Gruppen to build 196 apartments in Nittedal

AF Gruppen has entered into an agreement with Øie Eiendomsutvikling AS to build the residential project “Kvernstua” in Nittedal.

The contract comprises building 196 apartments in 7 structures with a parking basement. In addition to the apartments, the project also includes developing outdoor areas with a ball court, hiking trails, pedestrian and cycling paths, and a pedestrian bridge across the Ørfiskebekken stream that surrounds the project.

The project will be carried out as a turnkey contract valued at NOK 474 million excluding VAT across 2 building stages. Work starts in the beginning of June 2019 and is scheduled for completion in the 4th quarter 2021. The go-ahead of stage 2 is subject to sufficient advance sales.

“We’re looking forward to starting work on this great housing project in Nittedal. Øie Eiendomsutvikling AS is a new customer to AF Gruppen, and we’re looking forward to a good partnership in the time ahead,” says Morten Grongstad, CEO of AF Gruppen.

For further information:

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

Executive Vice President: Geir Flåta, Tel. +47 994 01 510