Betonmast, an AF Gruppen subsidiary, has signed a contract with Conceptor Bolig
AS for the construction of 87 apartments and business units as part of the
Kastanjen project in the town of Hamar. The contract, which is a turnkey
contract, has a value of approximately NOK 228 million, excluding VAT.

The project is subject to sale and sales will launch in the early new year in
2021. The scheduled start date for construction is summer 2021, and construction
is expected to take 24 months.

In addition to the apartments, the project also includes approximately 1,500
square metres of business units, and around one third of this area has already
been earmarked for a REMA 1000 store. The Kastanjen project is located on the
so-called triangular plot adjacent to Hamar police station.

"We have enjoyed a positive period of dialogue with Conceptor Bolig during which
we have drawn up a great set of solutions for this project. Hamar is a priority
area for us, so we are thrilled to be able to help add our mark to the
development of this area. We are now looking forward to getting to work during
the construction phase," says Jørgen Evensen, CEO of Betonmast. 


For further information:

Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310 
Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel.: +47 918 68 621

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© Oslo Bors ASA, source Oslo Stock Exchange