M&A Activity • Nov 15, 2024
M&A Activity
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Building apartments in Oslo
Betonmast, a subsidiary of AF Gruppen, has signed a contract with Poseidon Properties for the construction of three apartment buildings in Holtveien, Nordstrand, Oslo. The contract, which is a turnkey project, is worth approximately NOK 219 million excluding VAT.
The residential project Linjen at Holtet includes the construction of 51 apartments distributed across three buildings with an underground parking garage. The apartments, ranging from 49 to 178 m² BRA, will have a high standard and spacious southwest-facing terraces.
«Betonmast has extensive experience in residential construction. We now look forward to continuing the good cooperation with Poseidon Properties. Together, we will create a great project at Holtet», says Peter Sandrup, CEO of Betonmast.
Construction is estimated to start in the first quarter of 2025, with completion in the second half of 2026.
For further information, please contact:
Peter Sandrup, CEO of Betonmast, tel. +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel. +47 918 68 621
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