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AFG: Construction of 88 apartments in Bergen

AFGRegulatory press release2026-07-06 08:30
LAB Entreprenør, a company in AF Gruppen, has entered into an agreement for the
construction of 88 new apartments at Wergeland in Bergen. The agreement has been
entered into with Nyhaugen AS on behalf of LAB Eiendom and Wergeland
Boligutvikling. The contract is a turnkey contract valued at approximately NOK
390 million, excluding VAT.

The project comprises the construction of 88 apartments across six residential
buildings, together with an underground parking garage and associated
landscaping works. In addition, new pavements will be established along the
surrounding streets.

"We are very grateful to have been selected to deliver this excellent project
and look forward to getting started," says Gard Kvalheim, Managing Director of
LAB Entreprenør.

Construction is expected to commence in autumn 2026, with completion scheduled
for the fourth quarter of 2028. The project is subject to a satisfactory level
of pre-sales before construction can begin.

For further information:
Gard Kvalheim, Managing Director, LAB Entreprenør AS, tel. +47 907 54 394
Tormod Solberg, EVP Building, AF Gruppen, tel. +47 950 59 495
g\, AF Gruppen\, tel. +47 950 59 495\