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AF Gruppen

Regulatory Filings Oct 27, 2021

3522_rns_2021-10-27_81678e88-c21d-4f6c-bb32-3a3195dd0ce9.html

Regulatory Filings

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To build apartments in Gothenburg

To build apartments in Gothenburg

Betonmast, a subsidiary of AF Gruppen, has signed a contract with the real estate developer Sverigehuset for the construction of an apartment complex in the centre of Gothenburg. The contract, which is a turnkey contract, and has a value of approximately SEK 316 million excl. VAT.

The project Stigbergshyllan includes the construction of 187 apartments divided into three buildings, each nine stories tall. Total area is about 16,000 square meters.

“We are proud to contribute to the development of a new residential area in central Gothenburg, and we look forward to a good cooperation with the client”, says Jørgen Evensen, CEO of Betonmast.

Construction will start during the first quarter of 2022, with expected completion during the second quarter of 2024.

For further details, please contact:

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

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

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