AF Gruppen — M&A Activity 2021

Feb 18, 2021

To build 199 apartments for Selvaag Bolig in Bergen

To build 199 apartments for Selvaag Bolig in Bergen

Selvaag Bolig ASA has signed an agreement through its subsidiary Sandsliåsen Utbygging AS with LAB Entreprenør AS, a part of the AF Gruppen, for the construction of 199 apartments in the Sandsli neighbourhood of Bergen.

The Sandsli 360 project is divided into 3 construction phases, with the first encompassing 67 apartments which are already on sale and with building work scheduled to begin in May.

Sandsli 360 is split across a total of six buildings in a sunny area with beautiful natural surroundings on the elevation above the Håvardstunvatnet lake in the Fana district. The project is located close to a light rail stop in between the Lagunen Storsenter shopping mall and Bergen Airport. Nearby there are grocery stores, several major employers, hiking trails and fitness centres.

The contract is a turnkey contract with a total value of approx. NOK 404 million, excl. VAT. Construction work will commence in Q2 2021 and is scheduled for completion in Q2 2024.

For further information:

CEO LAB Entreprenør: Gard Kvalheim, tel. +47 907 54 394

EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495

CEO, AF Gruppen: Amund Tøftum, tel. +47 920 26 712