Entering Collaborative Contract for the Development of Fornebu Sør
AF Gruppen has been awarded a collaborative contract by OBOS Fornebu AS for the development of the new urban area Fornebu Sør in Bærum.
The collaborative contract entails close cooperation between OBOS and AF Gruppen to develop and execute a large-scale residential and commercial project, which includes 510 residential buildings with high ambitions for quality, sustainability, and architecture. The agreement builds on the strong partnership between the parties, including previous collaboration on the Storøykilen project.
Work on phase 1 of the collaboration will commence immediately. Phase 2 (execution) is scheduled to begin in the first quarter of 2027. The contract value is estimated at NOK 2,000 million excluding VAT and will be included in the order backlog upon potential contract signing for phase 2.
“We are proud to be part of the development of Fornebu Sør together with OBOS. This is an important project for the area and a strong example of how collaboration can help realise complex urban development projects,” says Amund Tøftum, CEO of AF Gruppen.
Contacts
Amund Tøftum
Tel:+47 920 26 712Amund.Toftum@afgruppen.noTormod Solberg
Tel:+47 950 59 495tormod.solberg@afgruppen.noImages
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 30,6 billion in 2024. 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 Eviny Solutions17.9.2025 12:06:01 CEST | Press release
With reference to the notice to the stock exchange of 20 June 2025, where AF Gruppen disclosed entry into an agreement to acquire 80 percent of the shares in Eviny Solutions AS. Today AF Gruppen has completed the acquisition of these shares. The remaining 20 per cent of the shares in Eviny Solutions are owned by Eviny AS.
Nominated for new contract at the new Aker Hospital2.9.2025 15:00:00 CEST | Press release
AF Energi, a subsidiary of AF Gruppen, has been nominated by Helse Sør-Øst RHF for the contract concerning plumbing and water treatment systems for the Somatics building at the new Aker Hospital.
Refurbishing Asker Town Hall29.8.2025 12:07:59 CEST | Press release
AF Gruppen has been awarded a collaborative contract by Asker Municipal Pension Fund for the refurbishment of Asker Town Hall.
AF Gruppen with good profitability and solid order backlog in the second quarter of 202529.8.2025 07:00:00 CEST | Press release
AF Gruppen (AFG) increased both revenue and profit compared to same period last year and had a revenue in the second quarter amounting to NOK 7,808 million. Profit before tax was NOK 388 million in the second quarter, resulting in a profit margin of 5.0%. Order intake during the quarter was good, and the order backlog stood at a solid NOK 44,493 million at the end of the quarter.
Building industrial facility in Västerås23.7.2025 15:24:31 CEST | Press release
AF Gruppen’s subsidiary, HMB Construction, has entered into a contract for the construction of an industrial facility for Westinghouse Electric Sweden AB in Västerås. The contract is a turnkey contract with a value of SEK 198 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