Selvaag Bolig ASA has signed an agreement through its subsidiary Sandsliåsen
Utbygging AS with LAB Entreprenør AS, a part of the AF Gruppen, for the
construction of 199 apartments in the Sandsli neighbourhood of Bergen. 

The Sandsli 360 project is divided into 3 construction phases, with the first
encompassing 67 apartments which are already on sale and with building work
scheduled to begin in May.

Sandsli 360 is split across a total of six buildings in a sunny area with
beautiful natural surroundings on the elevation above the Håvardstunvatnet lake
in the Fana district. The project is located close to a light rail stop in
between the Lagunen Storsenter shopping mall and Bergen Airport. Nearby there
are grocery stores, several major employers, hiking trails and fitness centres. 

The contract is a turnkey contract with a total value of approx. NOK 404
million, excl. VAT. Construction work will commence in Q2 2021 and is scheduled
for completion in Q2 2024.

For further information: 
CEO LAB Entreprenør: Gard Kvalheim, tel. +47 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495
CEO, AF Gruppen: Amund Tøftum, tel. +47 920 26 712

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© Oslo Bors ASA, source Oslo Stock Exchange