AF GRUPPEN AFG NON-REGULATORY PRESS RELEASES

Construction of 88 apartments in Bergen

06. July 2026 kl. 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