AF Gruppen

Regulatory Filings • Oct 13, 2020

Building 55 apartments in Bergen

Building 55 apartments in Bergen

LAB Entreprenør AS, a company in AF Gruppen (AFG), has entered into an agreement with Kråkehaugen AS regarding the construction of 55 apartments at Kråkehaugen in the City of Bergen. Kråkehaugen AS is owned by LAB E-Invest (50%), Profier AS (35%) and Storm Eiendom AS (15%).

This housing project is located in a well-established residential area between the Fantoft and Paradis neighbourhoods in the Fana area of the city. The project encompasses a total of four tower blocks with subterranean parking facilities. The plans feature large apartments with spacious terraces finished to a high standard. The site is adjacent to a large open air recreation area, and the project will include generous outdoor facilities.

The contract is a turnkey contract with a total value of approx. NOK 185 million, excl. VAT.

Construction work will commence in Q1 2021 and is scheduled for completion in Q1 2023.

For further information:

Managing Director of LAB Entreprenør AS: Gard Kvalheim, tel. +47 907 54 394

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