Acquisition of plot for Construction City
Construction City Holding AS, a company owned by OBOS BBL (70% stake), AF Gruppen Norway (20% stake) and AF Gruppen subsidiary Betonmast (10% stake), has agreed to purchase all shares in the company Construction City Eiendom AS from OBOS Eiendom AS.
Construction City Eiendom AS owns an attractive plot of land at Ulven, which will be used to site the Construction City industry cluster that will bring together the construction, civil engineering and property industry in Norway. A usable floor area of 85,000 has been planned for the property and the framework application for the property project was submitted to the municipality of Oslo this week.
OBOS, AF Gruppen and Betonmast aim to move their head offices to the area, with the relocation scheduled for 2024.
“We are very happy to enter into an agreement concerning the plot where our new head offices will be established. The ambition is for Construction City to offer the office solutions of the future whilst also being an attractive venue for learning and development. By bringing the industry together, we will contribute to raising overall competitiveness and will involve various industry players, whether they are traditionally competitors, partners or educational institutions,” says Morten Grongstad, CEO of AF Gruppen.
The transaction is based around a gross plot value estimated at MNOK 444.5, with AF and Betonmast owning a 30% stake in the company. AF Gruppen’s total cash outlay for the transaction has been estimated at MNOK 63.5. The share transfer will take place on 1 September 2020.
Kontakter
Morten GrongstadCEO
+47 991 53 905morten.grongstad@afgruppen.noIda Aall GramEVP Property Norway
+47 918 00 826 ida.aall.gram@afgruppen.noBilder
Om AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 5,700 employees and revenue reached NOK 22.5 billion in 2019. 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.
Følg saker fra AF Gruppen ASA
Registrer deg med din epostadresse under for å få de nyeste sakene fra AF Gruppen ASA på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra AF Gruppen ASA
Amund Tøftum will be the new Group Chief Executive Officer of AF Gruppen5.8.2020 11:05:11 CEST | Press release
Executive Vice President Amund Tøftum will be the new Group Chief Executive Officer of AF Gruppen as of 24 August. Amund Tøftum has been with AF for 15 years, and has experience from both construction, building and offshore, as well as 5 years of experience with group management.
Appointed for the development of Støren Verksted17.7.2020 10:40:13 CEST | Press release
Bane NOR Eiendom AS has appointed AF Gruppen as contractor for the development of Støren Verksted.
Building homes for Riksbyggen in new Gothenburg suburb6.7.2020 08:08:26 CEST | Press release
AF Bygg Göteborg, an AF Gruppen subsidiary, is set to build 143 new homes in the Backa suburb of Gothenburg on behalf of Riksbyggen. The contract is worth a total of approximately SEK 200 million, excluding VAT.
Sale of the office building "K5" at Hasle Linje in Oslo2.7.2020 14:05:50 CEST | Press release
Hasle Linje Næring DA, a company of which 49.5% is owned by AF Gruppen, 49.5% by Höegh Eiendom and 1% by Vind AS, has accepted an offer by Clarkson Platou Real Estate regarding the sale of all the shares in the Karvesvingen 5 AS company. This company owns the newly constructed smart building "K5" at the same address.
New job for hospital in Bergen1.7.2020 13:29:18 CEST | Press release
LAB Entreprenør, an AF Gruppen subsidiary, has entered into an agreement with Haraldsplass Diakonale Stiftelse on installation works in the extended and renovated areas of the hospital.
Building more student housing from solid wood22.6.2020 10:37:49 CEST | Press release
AF Gruppen has entered into an agreement with the Student Welfare Organisation in Østfold to build new student housing from solid wood at Remmen in Halden.
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.
Besøk vårt presserom