AF Gruppen — Earnings Release 2018

May 4, 2018

AF Gruppen to build Storebukta for Solon Eiendom

AF Gruppen to build Storebukta for Solon Eiendom

AF Gruppen has signed an agreement with Solon Eiendom to build Storebukta, a housing project consisting of 80 units in Kolbotn.

Storebukta consists of 67 flats in two buildings with basements and 13 townhouses. The project is centrally located in Kolbotn in Oppegård.

The project will be a turnkey contract, worth about NOK 240 million ex. VAT. The project has already sold well and planning will start immediately. Construction is scheduled to start in Q3 2018, while completion is expected in Q3 2020.

"Storebukta is centrally located in Kolbotn, within easy walking distance of the square and the railway station. Solon Eiendom is a new customer for AF Gruppen. We look forward to working with them to build attractive flats and townhouses in a popular residential area," says Morten Grongstad, CEO of AF Gruppen.

For further information:

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

EVP Building: Henning Olsen, tel. +47 917 41 592