Betonmast, a subsidiary of AF Gruppen, has signed a contract with a large real
estate player for the complete renovation and extension of a commercial building
in Oslo. This turnkey contract is valued at approximately NOK 485 million,
excluding VAT. 

The agreement concerns a commercial building in Oslo city centre which comprises
approximately 23,000 m2 across six storeys and a loft and cellar. From the 1st
floor and up the building will be converted into office space, while the ground
floor will be adapted for retail activity in order to bring new life at the
street level in this part of the city. 

The building will be certified in accordance with BREEAM Very Good. 

"This is an extensive and complex renovation project at the core of our
expertise. We're looking forward to collaborating with the client on bringing
new life to this building," says Jørgen Evensen, CEO of Betonmast. 

Construction is scheduled to start August, with completion in the second quarter
of 2023.


For further details, please contact:
Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310 
Bård Frydenlund, Executive Vice President, Sweden and Betonmast for AF Gruppen,
tel.: +47 918 68 621

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© Oslo Bors ASA, source Oslo Stock Exchange