Acquisition of plot for Construction City
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
Tel:+47 991 53 905morten.grongstad@afgruppen.noIda Aall GramEVP Property Norway
Tel:+47 918 00 826ida.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 pressemeldinger fra AF Gruppen ASA
Registrer deg med din e-postadresse under for å få de nyeste sakene fra AF Gruppen ASA på e-post fortløpende. Du kan melde deg av når som helst.
Siste pressemeldinger fra AF Gruppen ASA
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.
Constructing sports hall in Gothenburg22.7.2025 08:57:02 CEST | Press release
AF Bygg Väst, a part of AF Gruppen Sweden, has been awarded the contract to build a new multi-sports hall in Slottsskogen, Gothenburg. The contract is valued at approximately SEK 215 million excluding VAT.
I vårt presserom finner du alle våre siste pressemeldinger, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.
Besøk vårt presserom