Åsane Byggmesterforretning AS, a company within AF Gruppen, has entered into an
agreement with Munsterbekken Borettslag in Bergen for the rehabilitation of five
residential buildings. The contract is a turnkey project valued at NOK 183
million excluding VAT.

Munsterbekken Borettslag, which was built in the early 1980s, consists of five
detached residential buildings with a total of 274 apartments and common areas
in Gyldenpris, Bergen.

The project includes complete facade rehabilitation, which involves additional
insulation and new roofing, additional insulation of exterior walls, as well as
new windows, balcony doors, and facade cladding. Additionally, all apartments
will receive new heating systems (air/water) and balanced ventilation.

"We are very grateful to be chosen as the turnkey contractor for an exciting
project in Gyldenpris for Munsterbekken Borettslag. This helps to further
develop our expertise in the rehabilitation of larger housing cooperatives.
Preserving and rehabilitating buildings, rather than demolishing and building
new ones, makes a significant contribution to reducing emissions in our
industry," says Frank Ståløy, Managing Director of Åsane Byggmesterforretning
AS.

The work is scheduled to start in the fourth quarter of 2024 and be completed in
the fourth quarter of 2026.


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