AF Gruppen

Regulatory Filings • May 26, 2020

Total refurbishment of Kommunegården municipal centre in Sandvika

Total refurbishment of Kommunegården municipal centre in Sandvika

AF Gruppen’s subsidiary, Strøm Gundersen, have been awarded the contract to refurbish the Kommunegården municipal centre in the town of Sandvika on behalf of Bærum Kommunale Pensjonskasse.

The demolition of existing building stock has already begun as part of a separate contract. Following completion of the demolition process, the building will be stripped down to the concrete slabs and columns. Strøm Gundersen will then begin work on the construction of the new municipal centre.

When complete, the building will have a gross area of approx. 33,500 m2. Following its rebuild, the municipal centre will have a capacity for around 1,300 activity-based jobs. Floor plans and technical solutions will be chosen that provide the municipality with an attractive working environment and a flexible, area-efficient, adaptable and operationally-streamlined building during the lease.

The contract will be carried out as an integrated project contract. The works are divided into 2 phases. Phase 1 is a design period encompassing further development of the preliminary project. Phase 2 encompasses the construction work itself. The contract is valued at approx. NOK 800 million, excluding VAT.

Phase 1 – Interaction pre-project, starting in May 2020 and due for completion in October 2020.

Phase 2 – Interaction implementation, starting in October 2020 and due for completion in December 2022.

"The municipal centre is a very important symbolic building for Sandvika, which is why there are such stringent requirements in terms of its climate impact and flexibility as a whole. We look forward to working with Bærum Kommunale Pensjonskasse and their project management team from Insenti on what will be an exciting and comprehensive project," says Morten Grongstad, CEO of AF Gruppen.

For further information:

General manager of Strøm Gundersen AS: Arne Riise, tel. +47 975 31 249

EVP Construction, AF Gruppen ASA: Amund Tøftum, tel. +47 920 26 712

CEO of AF Gruppen ASA, Morten Grongstad, Tel. +47 991 53 905