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AF Gruppen ASA to Build Commercial Building in Gothenburg


Tuesday, 5 Feb 2013 03:00am EST 

AF Gruppen ASA announced that it has signed an agreement with AF Fastighet 1380 AB to build Glasiaren, a new commercial building in Gothenburg. The building will have a rentable area of 12,700 square meters, consisting of five floors of office premises, commercial premises and a gym, plus a basement with a car park. Lease contracts are being prepared with tenants. The building will be built to meet the Silver standard under the Swedish environmental building certification system Miljobyggnad, with high energy-efficiency and sustainability requirements. The building is in the heart of Centrala Alvstaden, a new future hub in new Gothenburg. Approximately 2,000 flats are being built on the neighboring plots. The Company owns one third of AF Fastighet 1380 AB. Other investors behind the project also include Brodrene Jensen and EKO Eiendom. The project will be carried out by AF Bygg Goteborg as a turnkey contract and is valued at approximately SEK 240 million (excluding VAT). The preparation work will start at the end of February 2013 and is scheduled to be ready for occupation in December 2014. 

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