Earnings Release • May 29, 2019
Earnings Release
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AF Gruppen to build apartments at Bekkestua
AF Gruppen has signed a contract with Baerumsveien Bolig AS, a fully owned subsidiary of Profier AS to build the residential project “Villa Bekkestuene” at Bekkestua in Bærum.
Villa Bekkestuene is a co-ownership consisting of 30 apartments in four apartment buildings with subterranean parking facilities. The homes have high standards and carefully selected materials, and are located in an area with detached houses in the immediate vicinity of Bekkestua centre.
The project will be carried out as a design and build contract and is valued at NOK 105 million excluding VAT. Construction will start in August 2019, and completion is expected in Q4 2020.
“AF has had a good partnership with Profier up to signing the contract, and we are looking forward to starting the implementation phase with one of the leading players in real estate development,” says Morten Grongstad, CEO of AF Gruppen.
For further information:
CEO: Morten Grongstad, Tel. +47 991 53 905
EVP Building: Geir Flåta, tel. +47 994 01 510
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