AF Gruppen

Regulatory Filings • Jan 14, 2020

To build new apartment project in Sandefjord

To build new apartment project in Sandefjord

Strøm Gundersen Vestfold AS enters into contract with Storgata 3-5 AS, Dokkenkvartalet in Sandefjord.

Strøm Gundersen Vestfold AS, where AF Gruppen is majority owner, has been chosen as contractor to build the apartment project Storgata 3-5, Dokkenkvartalet in Sandefjord. The client is Storgata 3-5 AS c/o Erik Martin Steinsholt, Øistein Skjerven and Carl Christian Fon.

The contract comprises design and engineering and construction of 36 apartments with underground parking, commercial areas and outdoor work. The contract will be carried out as a turnkey contract and is valued at NOK 118,7 million, excluding VAT. Sales of the apartments will start in mid-February, and construction is expected to start in Q2 2020.

For further information:

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

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

General manager of Strøm Gundersen Vestfold AS: Yngvar S. Brekke, tel. +47 932 42 021