Entering Collaborative Contract for the Development of Fornebu Sør
29.9.2025 08:41:38 CEST | AF Gruppen ASA | Press release
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.
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