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AFG: Rehabilitation Contract Awarded by Norwegian Property at Fornebu

AFGRegulatory press release2026-11-02 11:00
Betonmast, a subsidiary of AF Gruppen, has entered into an agreement for the
rehabilitation of Snarøyveien 30, Buildings J and K, at Fornebu. The contract is
a design and build contract valued at approximately NOK 400 million, excluding
VAT.

The project comprises the rehabilitation of approximately 34,000 square metres
of office space in the former Telenor headquarters at Fornebu, including
upgrades to technical systems and tenant adaptations. Parts of the buildings
will remain operational throughout the construction period.

"We are pleased to embark on a new collaboration with Norwegian Property. The
buildings at Snarøyveien 30 play a key role in the continued development of
Fornebu, and it is inspiring to contribute to the modernization of these office
facilities," says Peter Sandrup, CEO of Betonmast.

Planning and mobilisation activities will commence immediately, and the project
is scheduled for completion in the second half of 2028.


For further information:
Peter Sandrup, CEO, Betonmast, tel. +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast, AF Gruppen, tel. +47 918 68 621
mast\, AF Gruppen\, tel. +47 918 68 621\