To build 71 apartments in transformation project
AF Gruppen has entered an agreement with Nygård Boligutvikling Holding, owned by Fredensborg Bolig, to build Kværnerhøyden consisting of 71 apartments distributed on two apartment blocks of 12 and 5 floors and a townhouse.
Kværnerhøyden is localized on Nygårdshøyden by Svartdalsparken in Oslo. Kværnerhøyden consists of 71 apartments distributed on two blocks of 12 and 5 floors, with an underlying parking basement, roof top terraces and a townhouse, all with brick facades. The existing industry will be transformed to an attractive living area with green public facilities that integrate Kværnerhøyden in the public surroundings amongst Alnaelven.
The project will be carried out as a design and build contract with a value of approximately MNOK 150 ex. VAT. The apartments are near fully sold out, engineering will start in Q2 and construction is scheduled from Q3 2021. The project consists of one building step with expected completion Q2 2023.
- We have had a long collaboration with Fredensborg Bolig to enable the project and we are looking forward to contributing in transforming this existing industry area to the beautiful residential area that is being planned. The project fits well with our strategy for sustainable projects. It is also pleasant to enter into the first contract with a new, large and long-term client such as Fredensborg Bolig, says Tormod Solberg, EVP at AF Gruppen.
Amund TøftumCEOTel:+47 920 26 712Amund.Toftum@afgruppen.no
Tormod SolbergEVP BuildingTel:+47 950 59 firstname.lastname@example.org
About 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 5,500 employees and revenue reached NOK 27 billion in 2020. 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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