12 Sep 2024 13:00 CEST

Issuer

AF Gruppen ASA

Betonmast, a company within AF Gruppen, has entered into an agreement with
Værste AS to develop and construct a new office building at Værste in
Fredrikstad. The contract is a turnkey project and will have a value of
approximately NOK 175 million excluding VAT.

The project includes an office building of 6,100 m² with a parking garage of
1,100 m² and will, among other things, house all Gjensidige employees in
Fredrikstad and Sarpsborg when it is completed in 2026. In addition, there will
be outward-facing businesses on the ground floor as well as other commercial
areas on the second floor. The office building will have a green profile,
including solar panels and green roofs.

The goal is to start construction during the winter, with completion tentatively
estimated for September 2026.

“Værste is a large and important developer in Fredrikstad that is now in the
process of developing an entirely new district in central Fredrikstad. We have
good experience from collaboration and development projects, and this project
suits us well. We look forward to good cooperation with the customer on this
project,” says Peter Sandrup, CEO of Betonmast.


For further information:

Peter Sandrup, CEO of Betonmast, tel. +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel. +47 918 68 621


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs