AF Gruppen and USBL have jointly entered into an agreement to purchase the plot
Ullevålsveien 114 in the City of Oslo. The seller is Fortuna Estate AS, and the
site will be owned 50% by AF Gruppen and 50% by USBL.
Ullevålsveien 114 is a 2,212 square metre plot and has a framework permit for
the construction of a total of 7,087 gross square metres of housing and 662
gross square metres of commercial space.
The purchase price for the plot is NOK 240 million excluding stamp duty, which
will be paid upon estimated takeover on 15 December 2023.
"We look forward to further developing and implementing the project together
with our partner. Ullevålsveien 114 is currently an undeveloped site in a
central and attractive location in Oslo. Our goal is to create a future-oriented
and attractive housing project that will complement the cityscape and enhance
Fagerborg as a good residential area," says Amund Tøftum, CEO of AF Gruppen.
For further details, please contact:
Geir Flåta, EVP Civil Engineering, tel.: +47 994 01 510
Amund Tøftum, CEO, tel.: +47 920 26 712