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AFG: Building 63 apartments in Västerås

AF Gruppen
HMB, a subsidiary of AF Gruppen, has been commissioned to build 63 new
apartments in Västerås for Riksbyggen. The contract is valued at approximately
SEK 127 million, excl. VAT.

The contract is a turn key contract and is conditional on sufficient sales prior
to commencement.

This new residential project, Brf Kopparvalvet, will comprise just over 7,000 m2
gross area for 63 owner-occupied apartments as well as retail and commercial
premises at street level. The project has high sustainability goals and aims to
achieve Mijöbyggnad Silver certification. This project marks the start of the
development of the district of Kopparlunden in Västerås and is the first stage
of several planned construction projects that Riksbyggen will carry out in the
area in the coming years.

"We appreciate the confidence Riksbyggen has shown in us to contribute to the
development of Kopparlunden in Västerås. This is an important urban development
project that we are looking forward to being a part of," says Bård Frydenlund,
EVP for Sweden at AF Gruppen.

Construction of the Kopparvalvet project is scheduled to start in the autumn of
2024 with completion in 2026.


For further details, please contact:

Bård Frydenlund, EVP Sweden for AF Gruppen, tel.: +47 918 68 621
Krister Karlsson, General Manager HMB Construction AB, tel.: +46 705 84 18 11
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