LAB Entreprenør AS, a company in AF Gruppen, has entered into an agreement with
REQ for the rehabilitation and conversion of Augustin Hotel in Bergen. The
contract is a turn key contract valued at approx. NOK 115 million, excluding
VAT.
The hotel is located in Bergen city centre and is one of Bergen's oldest hotels.
The project includes rehabilitation and conversion of the existing hotel with
142 rooms into an apartment hotel with 104 rooms, as well as revitalisation of
the premises on the ground floor for a new owner and new tenant.
"We are very grateful to be selected to carry out an interesting project in
Bergen city centre for REQ. This serves to further develop our expertise in
protecting and revitalising the buildings in our city. Preserving rather than
demolishing and building new is the greatest contribution we can make to
reducing emissions in our industry," says Gard Kvalheim, CEO of LAB Entreprenør
AS.
On-site construction work has started, and construction is scheduled for
completion in Q4 2024.
For further details, please contact:
Managing Director of LAB Entreprenør AS: Gard Kvalheim, tel. +47 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495