AF Gruppen

Regulatory Filings • Nov 20, 2019

Building 168 new apartments for OBOS

Building 168 new apartments for OBOS

AF Gruppen has signed a contract with OBOS Nye Hjem AS to build the second stage of the “Røakollen” housing development at Røa in Oslo.

“Røakollen” is a housing project developed by OBOS close to the centre of Røa, and with immediate access to the green spaces near Røa. The third stage comprises 168 apartments in two buildings with a subterranean parking garage. The project will be carried out as a design and build contract and has an estimated value of NOK 405 million, excluding VAT. Construction is scheduled to start in Q2 2020. Completion is expected for Q4 2022. Commencement is subject to sufficient advance sales.

The first and second building stages comprise 213 apartments, and parts of these have already been handed over to home buyers.

“We are proud and grateful for the confidence OBOS has shown in us at Røakollen. The two first building stages have provided valuable insights and created good residential environments. Now we are looking forward to extending the good partnership and establishing new, good homes at Røakollen,” says Geir Flåta, EVP Building of AF Gruppen.

“OBOS is very pleased with the quality and completion of the first two construction stages at Røakollen together with AF Gruppen, and we look forward to be continuing the good cooperation on the third and final construction stage, says Jørgen Stavrum, project director at OBOS Nye Hjem.

For further information:

CEO: Morten Grongstad, tel. +47 99 15 39 05

EVP Building: Geir Flåta, tel. +47 994 01 510