AF Gruppen acquires development rights in central Gothenburg
The acquisition also includes associated development rights in relation to Östra Eriksbergsgatan, where AF Projektutveckling is planning the new construction of a further approx. 30 apartments, retail premises and car parking.
The purchase price for the development rights is SEK 101 million. The detailed plan is expected to be finalised in 2018.
“Our plan is to convert the fine old brick building, measuring around 8,000 m2, into just over 100 attractive apartments. The detailed plan allows for construction on three floors, all of which have fantastic views of the water,” says Andreas Rydbo, CEO of AF Gruppen Sverige.
“With the acquisition of these attractive development rights, AF Gruppen is continuing to demonstrate that we have the ability and the desire to contribute to the development of Gothenburg's new city centre,” says Bård Frydenlund, EVP Sweden at AF Gruppen.
Last year, AF Gruppen entered into an agreement to develop a large construction project situated on the centrally located Skeppsbron, which will be Gothenburg's new quayside meeting place by the Göta River.
Contacts
Morten GrongstadCEO
Tel:+47 991 53 905morten.grongstad@afgruppen.noBård FrydenlundEVP Sverige, Human Resources and Communication
Tel:+47 918 68 621Bard.Frydenlund@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group. The purpose of our business is to create value for our customers, owners, employees and society at large. We are proud of our good financial results, but every bit as important are the non-financial values that we create every day. A safe working environment for our employees and sub-contractor personnel, new services that help solve society’s environmental challenges and ethical business operations that create security for our customers. This in turn provides us with the opportunity to create additional value for our owners.
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
Building a hotel and office building in Drammen22.3.2024 13:56:45 CET | Press release
Strøm Gundersen AS, a company within AF Gruppen, has been selected as the contractor for two contracts for the construction of a hotel and an office building in Brakerøya, Drammen. Both contracts are turnkey contracts and have a combined value of NOK 516 million excluding VAT.
Foundation assignment for the New E8 in Troms22.3.2024 13:44:35 CET | Press release
Fundamentering AS (FAS), a company within AF Gruppen, has entered into a contract with Metrostav Norge AS for foundation work on the Ramfjord Bridge in Troms. The client is the Norwegian Public Roads Administration. The contract is valued at approximately NOK 100 million excluding VAT.
Building 77 apartments in Bergen13.3.2024 09:40:47 CET | Press release
LAB Entreprenør, a company within AF Gruppen, has entered into an agreement with Gjelsten Bolig (formerly known as Profier) for the residential project Sjøbodene in Sandviken, Bergen. The contract is a turnkey project with an estimated value of approximately NOK 285 million excluding VAT.
Building a Biogas Plant in Voss1.3.2024 15:07:09 CET | Press release
LAB Entreprenør AS, a company within the AF Gruppen, has been selected as the contractor by BIR AS (Bergensområdets Interkommunale Renovasjonsselskap) for the construction and infrastructure of a new biogas plant in Voss. The contract is a turnkey project with an estimated value of approximately NOK 120 million (excluding VAT).
Building 178 apartments in Bergen22.2.2024 12:00:32 CET | Press release
LAB Entreprenør AS, a company in AF Gruppen, has entered into an agreement with Sandsli Stasjon AS, a wholly-owned subsidiary of Nåbo AS (formerly Bonava), for the residential project Sandsli Stasjon in Sandsli, Bergen.
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