AF Gruppen has signed an agreement with KLP Eiendom to build the Nora project in Bislett, Oslo. The project includes the demolition of existing buildings and the construction of 165 apartments, as well as parking garages and commercial areas at Pilestredet 75. The contract is a turnkey contract with a value of NOK 906 million excluding VAT.

The agreement includes the demolition of existing buildings, the restructuring of technical infrastructure, and the construction of new buildings covering approximately 28,000 square meters. The project will include 2-5 room apartments ranging from 35 to 190 square meters with good qualities and approximately 7,300 square meters of commercial space. The roofs will be used as recreational areas with vegetation and will include facilities such as outdoor kitchens and greenhouses.

The buildings will have an elaborate facade with extensive brickwork, and the building will achieve the BREEAM certification ?Very good?. The project will further enhance the attractiveness of the area by replacing outdated and old buildings with a new and modern building in line with today?s standards for environmental, energy efficiency, and architecture. Detailed planning and preparatory work for the demolition will begin immediately, and completion is expected by the end of 2027.