To build commercial building in Larvik

30 Mar 2023 08:00 CEST

Betonmast, a subsidiary of AF Gruppen, has signed a contract with Fritzøe
Eiendom AS for the development and construction of a commercial building in
central Larvik. The contract is a joint venture with a value of approximately
NOK 239 million, excl. VAT.

The "Saga" project includes the construction of an office building with a shop,
canteen and parking basement, a total of 10,000 m2 BTA. The building is
centrally located in Larvik, with the railway, E18 and county road in the
immediate vicinity. The project is to be certified as BREEAM-NOR Excellent
according to the 6.0 manual, and will receive, among other things, green roofs,
and solar panels.

The parties have developed the project together after Betonmast won the
competition in February 2022.

“Once again, the employees of Betonmast Buskerud-Vestfold have shown that they
possess cooperation and development skills, and an ability to create good
relationships with a new and exciting local real estate player for us. We are
now looking forward to embarking on this great and exciting project in the
middle of Larvik”, says a proud Peter Sandrup, CEO of Betonmast.

Construction will start in April 2023 and the project will be completed by
Christmas 2024.


For further details, please contact:
Peter Sandrup, CEO Betonmast, tel.: +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel.: +47 918 68 621

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