Building a combined commercial and residential project
LAB Entreprenør, 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.
Contacts
Tormod Solberg
Tel:+47 950 59 495tormod.solberg@afgruppen.noGard KvalheimCEOLAB Entreprenør
Tel:+47 907 54 394Images
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 30,5 billion in 2023. 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
Contract signed with Nedre Romerike vann- og avløpsselskap IKS11.12.2025 10:57:29 CET | Press release
AF Gruppen has been awarded the contract to expand the existing treatment plant for Nedre Romerike vann- og avløpsselskap IKS.
Appointed for new contract at the new Aker Hospital5.12.2025 10:00:42 CET | Press release
Helse Sør-Øst RHF has appointed AF Decom, a company within AF Gruppen, for a contract covering site establishment and coordination as well as interior fit-out works at the new Aker Hospital. The agreement is valued at approximately NOK 155 million excluding VAT and will be executed as a general contract.
Delivering technical HVAC-R Installation to Princess Elisabeth Island in Belgium28.11.2025 13:40:51 CET | Press release
Aeron, a company within AF Gruppen, has entered into an agreement with the HSI Joint Venture, consisting of HSM Offshore Energy, Iemants and Iv – Offshore and Energy, with a value of approximately NOK 150 million excluding VAT.
Awarded contract at Hamra substation25.11.2025 08:14:10 CET | Press release
Kanonaden Entreprenad Mälardalen AB, a company within AF Gruppen, has been awarded the contract to carry out extensive ground and concrete works at Hamra on behalf of Linxon Sweden AB. The project is being undertaken for Svenska kraftnät. It is a turnkey contract valued at SEK 117 million excluding VAT.
Building care homes in Östervåla17.11.2025 16:14:55 CET | Press release
HMB Construction AB, a subsidiary of AF Gruppen, has signed a contract with Hebygårdar AB for the construction of the Tallgården care home in Östervåla. The contract value is SEK 162 million, excluding VAT.
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