LAB Entreprenør to Revitalize Bergen Waterfront with New Apartment Complex and Public Promenade in Nøstet District

LAB Entreprenør to Revitalize Bergen Waterfront with New Apartment Complex and Public Promenade in Nøstet District

(IN BRIEF) LAB Entreprenør AS, part of AF Gruppen, has been contracted by OBOS Nye Hjem to develop a NOK 428 million apartment project in Bergen’s Nøstet district. The waterfront project will feature three residential buildings, an underground garage, outdoor spaces, a quay promenade, and a kindergarten, aiming to revitalize the area from an industrial site into a vibrant public space. Construction is set to begin in early 2025 and finish by late 2027, pending pre-sale targets.

(PRESS RELEASE) OSLO, 1-Nov-2024 — /EuropaWire/ — LAB Entreprenør AS, a subsidiary of AF Gruppen, has secured a NOK 428 million contract with Nøstegaten 72-74 AS (OBOS Nye Hjem) to build a new apartment complex in Bergen’s city center. The project includes three residential buildings with an underground garage, a new quay promenade, outdoor spaces, and a kindergarten. Located along the waterfront, the development seeks to revitalize the historic Nøstet district, transforming it from a former industrial area into an inviting public space with access to the sea, parks, and plazas.

The construction is set to begin in Q1 2025 and expected to complete by Q3 2027, contingent on pre-sale requirements. The current site is undergoing dismantling and material recycling under a separate contract with Nøstegaten 72-74 AS, reflecting a commitment to sustainable practices in preparation for the new development.

Media Contact:

Tormod Solberg
EVP Construction
AF Gruppen
Tormod.Solberg@afgruppen.no
+47 950 59 495

SOURCE: AF Gruppen