AF Gruppen acquires development rights in central Gothenburg
28.3.2018 11:17:03 CEST | AF Gruppen ASA | Press release
The acquisition also includes associated development rights in relation to Östra Eriksbergsgatan, where AF Projektutveckling is planning the new construction of a further approx. 30 apartments, retail premises and car parking.
The purchase price for the development rights is SEK 101 million. The detailed plan is expected to be finalised in 2018.
“Our plan is to convert the fine old brick building, measuring around 8,000 m2, into just over 100 attractive apartments. The detailed plan allows for construction on three floors, all of which have fantastic views of the water,” says Andreas Rydbo, CEO of AF Gruppen Sverige.
“With the acquisition of these attractive development rights, AF Gruppen is continuing to demonstrate that we have the ability and the desire to contribute to the development of Gothenburg's new city centre,” says Bård Frydenlund, EVP Sweden at AF Gruppen.
Last year, AF Gruppen entered into an agreement to develop a large construction project situated on the centrally located Skeppsbron, which will be Gothenburg's new quayside meeting place by the Göta River.
Contacts
Morten GrongstadCEO
Tel:+47 991 53 905morten.grongstad@afgruppen.noBård FrydenlundEVP Sverige, Human Resources and Communication
Tel:+47 918 68 621Bard.Frydenlund@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group. The purpose of our business is to create value for our customers, owners, employees and society at large. We are proud of our good financial results, but every bit as important are the non-financial values that we create every day. A safe working environment for our employees and sub-contractor personnel, new services that help solve society’s environmental challenges and ethical business operations that create security for our customers. This in turn provides us with the opportunity to create additional value for our owners.
Subscribe to releases from AF Gruppen ASA
Subscribe to all the latest releases from AF Gruppen ASA by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from AF Gruppen ASA
AF completes the acquisition of H.A. Bygg Entreprenad AB8.4.2026 11:21:36 CEST | Press release
With reference to the notice to the stock exchange of 13 February 2026, where AF Gruppen disclosed entry into an agreement to acquire 70 percent of the shares in H.A. Bygg Entreprenad AB. Today AF Gruppen has completed the acquisition of these shares.
NFF and AF Gruppen enter strategic partnership25.3.2026 09:30:00 CET | Press release
The Norwegian Football Federation (NFF) and AF Gruppen have entered into a cooperation agreement, marking the start of a strategic partnership between the two organisations. Through the agreement, AF Gruppen will contribute as a partner in the further development of Norwegian football.
New Disposal Contract Awarded to AF Environmental Base Vats25.3.2026 08:40:00 CET | Press release
AF Offshore Decom has been awarded a contract by Heerema Marine Contractors for the onshore disposal of offshore facilities.
Awarded contract for the refurbishment and extension of Frölundabadet in Gothenburg13.3.2026 13:34:56 CET | Press release
AF Bygg Väst, a subsidiary of AF Gruppen, has been awarded the contract by the City of Gothenburg’s real estate administration to carry out the refurbishment and extension of Frölundabadet in Gothenburg. The contract value is SEK 253 million excluding VAT.
Renovating more student housing in Bergen12.3.2026 10:41:34 CET | Press release
LAB Entreprenør, a subsidiary of AF Gruppen, has entered into an agreement with Sammen, the Student Welfare Organisation of Vestland, for the refurbishment of two residential blocks at Hatleberg in Bergen.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom