AF Gruppen

Regulatory Filings • Oct 15, 2020

Building 87 flats in Hamar

Building 87 flats in Hamar

Betonmast, an AF Gruppen subsidiary, has signed a contract with Conceptor Bolig AS for the construction of 87 apartments and business units as part of the Kastanjen project in the town of Hamar. The contract, which is a turnkey contract, has a value of approximately NOK 228 million, excluding VAT.

The project is subject to sale and sales will launch in the early new year in 2021. The scheduled start date for construction is summer 2021, and construction is expected to take 24 months.

In addition to the apartments, the project also includes approximately 1,500 square metres of business units, and around one third of this area has already been earmarked for a REMA 1000 store. The Kastanjen project is located on the so-called triangular plot adjacent to Hamar police station.

"We have enjoyed a positive period of dialogue with Conceptor Bolig during which we have drawn up a great set of solutions for this project. Hamar is a priority area for us, so we are thrilled to be able to help add our mark to the development of this area. We are now looking forward to getting to work during the construction phase," says Jørgen Evensen, CEO of Betonmast.

For further information:

Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310

Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel.: +47 918 68 621