HMB Construction, a subsidiary of AF Gruppen, will build another 112 apartments
on behalf of Familjebostäder in the Stockholm suburb of Farsta, to the south of
the city. The target price is SEK 275 million, excluding VAT.

Familjebostäder is building approximately 600 rental apartments, a preschool and
business premises over a total of five stages at its chosen site at
Drevvikshöjden, which is located between the suburbs of Farsta and Sköndal to
the south of Stockholm.

Stage 4 encompasses 112 apartments, including 19 young people’s apartments - and
will be ready for occupancy in 2023. This stage also includes a preschool and
parking facilities.

The properties’ energy supply comes from solar cells, geothermal and district
heating with an annual energy consumption lower than 55 kWh/m2. The buildings
have been designed and produced to qualify for silver certification in the
Sweden Green Building Council’s environmental building certification scheme.

‘We are pleased to be contributing to Familjebostäder’s goal of building at
least 500 new apartments every year, and we look forward to the continued
collaboration with them,’ says Bård Frydenlund, EVP in Sweden for AF Gruppen.

HMB Construction won the tender for the entire Drevvikshöjden project at the end
of 2017. Planning and calculation are done in stages, and Familjebostäder has
the option to call off each stage.

HMB Construction is currently involved in the construction of the first two
stages at Drevvikshöjden. Stage 3 will begin during the spring and will be
followed by stage 4 in the autumn. The tender documentation is currently being
drawn up for stage 5. The project is being implemented as a collaborative
turnkey contract.

HMB Construction is one of seven subsidiaries of AF Gruppen Sverige. HMB has
operations in Stockholm, Mälardalen, Dalarna, Västmanland, Uppland and
Gästrikland. In 2019, the company recorded sales of SEK 1.4 billion.

For further information: 
Bård Frydenlund, EVP in Sweden for AF Gruppen, tel. +47 918 68 621
Andreas Rydbo, Managing Director AF Gruppen Sweden, tel. +46 31 762 40 03