LAB Entreprenør AS, a company within AF Gruppen, has entered into an agreement
with Gjelsten Bolig AS (formerly known as Profier AS) for the residential
project Sjøbodene in Sandviken, Bergen. The contract is a turnkey project with
an estimated value of approximately NOK 285 million excluding VAT.

The project consists of five waterfront apartment buildings in Sandviken,
Bergen, with storage space beneath two of them. An existing quay will be
demolished and replaced with a larger one to accommodate the new buildings. 

"We are delighted to have been chosen to carry out another exciting and
attractive residential project for Gjelsten Bolig," says Gard Kvalheim, CEO of
LAB Entreprenør.

Construction work is scheduled to begin in Q3 2024, with completion expected in
Q3 2026. The project's start is contingent on sufficient pre-sales.


For further details, please contact: 
CEO of LAB Entreprenør AS: Gard Kvalheim, tel. +47 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495

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