Betonmast, a subsidiary of AF Gruppen, has signed a contract with the real
estate developer Sverigehuset for the construction of an apartment complex in
the centre of Gothenburg. The contract, which is a turnkey contract, and has a
value of approximately SEK 316 million excl. VAT.

The project Stigbergshyllan includes the construction of 187 apartments divided
into three buildings, each nine stories tall. Total area is about 16,000 square
meters.

"We are proud to contribute to the development of a new residential area in
central Gothenburg, and we look forward to a good cooperation with the client",
says Jørgen Evensen, CEO of Betonmast.

Construction will start during the first quarter of 2022, with expected
completion during the second quarter of 2024.


For further details, please contact: 

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

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