AF Gruppen has signed a contract with Brekkeveien 19 Utvikling to build the
"Brekketunet" housing project in Ås in Viken county.  

Brekkeveien 19 Utvikling is owned by OBOS Nye Hjem (50%) and Løvenskiold Eiendom
(50%). The contract is a turnkey contract valued at NOK 341 million, excluding
VAT.

Brekketunet has a central location in Ås, close to the centre and the Norwegian
University of Life Sciences (NMBU). The project has a gross area of 17,900 m2
and comprises 146 apartments in five buildings. The apartments range in size
from 33 m2 to 120 m2. In addition to the apartments, the project includes a
common roof terrace and underground parking with storage areas and technical
rooms.

The project will be certified in accordance with the BREEAM-NOR ambition level
"Very Good". This means that the environment is considered at all stages of the
construction process. As a result of this, there will also be solutions for good
management of surface water and biological diversity. 

"Ås is a part of an expansive region. In partnership with the customer we have
used our building expertise to develop Brekketunet into an attractive
residential project. We're looking forward to realising the project together
with OBOS and Løvenskiold," says Tormod Solberg, Executive Vice President of AF
Gruppen.

Sales start in Q1 2021. Construction is scheduled to start in the 4th quarter of
2021, with completion in the 4th quarter of 2023. Commencement of stages is
subject to sufficient advance sales.

	
For further details, please contact: 
EVP Building: Tormod Solberg, tel. +47 950 59 495
CEO: Amund Tøftum, tel. +47 920 26 712

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