AF Gruppen has signed a contract with OBOS Nye Hjem AS to build the second stage
of the “Røakollen” housing development at Røa in Oslo. 

“Røakollen” is a housing project developed by OBOS close to the centre of Røa,
and with immediate access to the green spaces near Røa. The third stage
comprises 168 apartments in two buildings with a subterranean parking garage.
The project will be carried out as a design and build contract and has an
estimated value of NOK 405 million, excluding VAT. Construction is scheduled to
start in Q2 2020. Completion is expected for Q4 2022. Commencement is subject to
sufficient advance sales.  

The first and second building stages comprise 213 apartments, and parts of these
have already been handed over to home buyers. 

“We are proud and grateful for the confidence OBOS has shown in us at Røakollen.
The two first building stages have provided valuable insights and created good
residential environments. Now we are looking forward to extending the good
partnership and establishing new, good homes at Røakollen,” says Geir Flåta, EVP
Building of AF Gruppen.

“OBOS is very pleased with the quality and completion of the first two
construction stages at Røakollen together with AF Gruppen, and we look forward
to be continuing the good cooperation on the third and final construction stage,
says Jørgen Stavrum, project director at OBOS Nye Hjem.

For further information:
CEO: Morten Grongstad, tel. +47 99 15 39 05
EVP Building: Geir Flåta, tel. +47 994 01 510