AF Gruppen

Regulatory Filings • Mar 23, 2020

Betonmast building 187 apartments for Selvaag Bolig in Asker

Betonmast building 187 apartments for Selvaag Bolig in Asker

Betonmast, a subsidiary of AF Gruppen, has signed an agreement with Selvaag Bolig to build 187 apartments in 14 buildings in the first part of a new residential area at Landåsjordene centrally in Asker. The contract has an overall value of around NOK 630 million excluding VAT.

Landås Pluss is being built with sustainable solutions, including geothermal technology, a common heat pump solution and waterborne, underfloor heating. The 187 apartments will be in fourteen buildings with subterranean parking, and a separate services building with common areas including a meeting room, café, kitchen, gym, etc. The project is a Selvaag Pluss project, which entails a high standard and high quality materials and services.

The contract has three building stages. Building stage 1 has started, and according to plan, building stages 2 and 3 will be called off later in 2020, depending on sales.

"This is a large and important contract for Betonmast. We are very pleased with winning this contract, and with the confidence Selvaag Bolig once again has shown in us," says Jørgen Evensen, CEO of Betonmast.

The project has already started, and expected handover is in the summer of 2022.

For further information:

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

Amund Tøftum, EVP Building AF Gruppen, tel. +47 920 26 712