LAB Entreprenør AS, a subsidiary of AF Gruppen, has entered into an agreement
with Frekhaug Torg AS to build a combined residential and commercial building in
Alver municipality. The contract has a value of approximately NOK 103 million,
excluding VAT.
The project involves the demolition/renovation of an existing commercial
building and the construction of a new building approx. 5,100 m2 in size across
four storeys.
The building, which is in the centre of Frekhaug, will have commercial space on
the two lower floors and 22 rental homes on the two top floors. Emphasis will be
on environmentally efficient solutions and high-quality materials and technical
systems.
The project has been developed in a good partnership between the client and
contractor, and construction starts in March 2023 with completion scheduled for
July 2024.
"We appreciate the confidence Frekhaug Torg AS has placed in us in the process
of developing the project. LAB has high ambitions for the project, and we are
looking forward to the work on renovation/rehabilitation and extension in
partnership with the client," says Gard Kvalheim, CEO of LAB Entreprenør AS.
For further details, please contact:
CEO LAB Entreprenør: Gard Kvalheim, tel. +47 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495