Building a combined commercial and residential project
28.10.2024 09:37:18 CET | AF Gruppen ASA | Press release
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.
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