AF Gruppen ASA

Purchasing Ullevålsveien 114


AF Gruppen and USBL have jointly entered into an agreement to purchase the plot Ullevålsveien 114 in the City of Oslo. The seller is Fortuna Estate AS, and the site will be owned 50% by AF Gruppen and 50% by USBL.

Vera Houck, Boligbyggelaget Usbl (t.v.) and Espen Friis Jørgensen,  AF Eiendom
Vera Houck, Boligbyggelaget Usbl (t.v.) and Espen Friis Jørgensen, AF Eiendom Vebjørn Løvås

Ullevålsveien 114 is a 2,212 square metre plot and has a framework permit for the construction of a total of 7,087 gross square metres of housing and 662 gross square metres of commercial space.

The purchase price for the plot is NOK 240 million excluding stamp duty, which will be paid upon estimated takeover on 15 December 2023.

“We look forward to further developing and implementing the project together with our partner. Ullevålsveien 114 is currently an undeveloped site in a central and attractive location in Oslo. Our goal is to create a future-oriented and attractive housing project that will complement the cityscape and enhance Fagerborg as a good residential area," says Amund Tøftum, CEO of AF Gruppen.


AF Gruppen

AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 6,000 employees and revenue reached NOK 31 billion in 2022. 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.

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