Building a combined commercial and residential project

28 Oct 2024 09:30 CET

LAB Entreprenør AS, a company within AF Gruppen, has signed a contract for the
construction of a new combined commercial and residential project in Alver
municipality. The contract is a turnkey project valued at approximately NOK 257
million excluding VAT.

The buildings are located in Knarvik in Alver municipality, about 30 kilometers
north of Bergen city center. The project consists of a total of eight floors,
including two floors of parking and support functions below ground level,
totaling approximately 15,000 m². At ground level, several commercial areas are
planned, including Coop’s grocery concept Extra, with provisions for larger
deliveries. The 71 apartments are distributed across two buildings with four and
five floors respectively above the commercial section. In front of the
residential buildings, an outdoor area for play and leisure is planned. The
developer is Kvassnesvegen Utvikling AS, which is owned 50/50 by Vestbo
Eiendomsutvikling AS and Coop Hordaland Eiendom AS.

Preparatory work, including the demolition of existing buildings on the site,
has begun. Further work is contingent on sufficient pre-sales.

The project is scheduled for completion in the second quarter of 2027.


For further details, please contact:

CEO of LAB Entreprenør AS: Gard Kvalheim, tel. +47 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495

More information:
Access the news on Oslo Bors NewsWeb site