AF GRUPPEN AFG NON-REGULATORY PRESS RELEASES

Rehabilitation of Housing Cooperative in Bergen

19. October 2026 kl. 13:45

Åsane Byggmesterforretning, a company in AF Gruppen, has been selected by Vestre Sælemyr Housing Cooperative as contractor for the rehabilitation of façades and installation of a new balanced ventilation system. The contract is a design and build contract valued at approximately NOK 300 million, excluding VAT.

Vestre Sælemyr Housing Cooperative is located in the Fyllingsdalen district of Bergen and consists of seven apartment buildings comprising a total of 361 apartments. The project includes rehabilitation and upgrading of the building façades with additional insulation. The scope of work includes new façade cladding, windows, balcony doors and balconies. In addition, outdoor areas will be upgraded. Internally, balanced ventilation systems will be installed in all apartments.

"We are proud to have been selected to carry out this extensive rehabilitation project. The project fits well with our core expertise in the refurbishment of large residential developments and housing cooperatives. We look forward to working with Vestre Sælemyr Housing Cooperative to deliver modern and energy-efficient homes for the benefit of its residents," says Frank Ståløy, Managing Director of Åsane Byggmesterforretning.

Construction is scheduled to commence in the first quarter of 2027 and is expected to take 29 months to complete.

For further information: Frank Ståløy, Managing Director, Åsane Byggmesterforretning, tel. +47 930 57 012 Tormod Solberg, EVP Building, AF Gruppen, tel. +47 950 59 495