LAB Entreprenør to build 59 apartments at Skjoldnes in Bergen

LAB Entreprenør AS, a company in AF Gruppen (AFG), has entered an
agreement with Skjoldnes Utvikling AS to build 59 apartments at
Skjoldnes in Bergen municipality.

The residential project is located by Nordåsvannet and primarily
consists of large high-end apartments. The project consists of six
buildings that will be joined together through two different
underground parking garages. The buildings which will have a direct
view towards Troldhaugen will be constructed with natural facade
materials of high quality, which will give a discreet and exclusive
impression. External facilities include a tennis court, a carp pond
and nature trails.

The turnkey contract is valued at approx. NOK 254 million, excluding
VAT. Work starts in October 2017 and is scheduled for completion in
October 2019.


For further information:

General manager LAB Entreprenør AS: Trygve Mo, tel. +47 918 37 413
EVP Building South-West, AF Gruppen: Bård Frydenlund, tel. +47 918
68 621
CEO AF Gruppen: Morten Grongstad, tel. +47 991 53 905