22 Mar 2023 07:00 CET

Issuer

AF Gruppen ASA

AF Gruppen has entered into a collaborative contract with Linstow AS through
Platou Eiendomsinvest 206 AS for the renovation of Akersgata 13-15 / Tollbugata
32 in Oslo.

The project includes the merger and total renovation of the properties located
in Kvadraturen in Oslo, with a planned extension in the existing rear court.
After the merger and extension, the office building will measure more than
15,000 m2 GFA in area, including retail activities at street level.

The contract will be carried out as a collaborative project conducted in two
phases, where the second phase involves the actual implementation. When the
final implementation contract is signed, the contract value will be included in
the order backlog. The expected construction cost is approximately NOK 480
million.

Major changes are planned to the building’s façade, including the expansion of
windows and good materiality that will boost the building’s expression and give
it a strong visual identity. After the transformation, the goal is for the
property to be experienced as a city attraction. The project architect is
Lund+Slaatto Arkitekter.

“This is an extensive and complex project, and a good combination of new
construction and renovation. We look forward to an exciting collaboration with
Linstow and to contributing with a sustainable modernisation that safeguards
what has already been built”, says Eirik Wraal, Executive Vice President at AF
Gruppen.

The building will be BREEAM certified and aims to achieve Energy Class A. Great
emphasis is placed on sustainable use of materials and flexible solutions.

The collaboration will start immediately after the contract is signed, and
construction is scheduled to start in Q1 2024.


For further details, please contact:
EVP Building, Energy and Environment: Eirik Wraal, Tel. 905 73 975.


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs