Sale of the office building "K5" at Hasle Linje in Oslo
2.7.2020 14:05:50 CEST | AF Gruppen ASA | Press release
Karvesvingen 5 is an office building with a GBA of approx. 18,000 square metres, and ATEA, the principal tenant, moved into the building during the first quarter of 2020. The building has been constructed by AF Gruppen and achieved a BREEAM-NOR environmental classification of Excellent. Höegh Eiendom will continue to manage the building after the transaction is completed.
The sale is estimated to provide AF Gruppen with an accounting gain of NOK 95 million.
“Over a short period of time, Hasle Linje has developed into a very vital district, centrally located and easily accessible. ‘K5’ is often referred to as Europe’s smartest building, and we are very pleased to have reached an agreement in direct negotiations with Clarkson Platou Real Estate. Apart from this, the parties have agreed not to comment on details until the sale is finally completed”, says Morten Grongstad, CEO of AF Gruppen.
The bid is subject to financing and satisfactory due diligence. It is expected that the transaction will be completed by the end of October 2020.
Contacts
Morten GrongstadCEO
Tel:+47 991 53 905morten.grongstad@afgruppen.noIda Aall GramEVP Property Norway
Tel:+47 918 00 826ida.aall.gram@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 5,700 employees and revenue reached NOK 22.5 billion in 2019. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
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