AF Gruppen buys site in Trondheim for residential development

AF Gruppen buys site in Trondheim for residential development

Today Ladejarlen Utvikling AS has entered into a contract to acquire 100% of the shares in the companies Jarlveien 15-19 AS, Gjevik Eiendom AS, Ladeveien 20 AS and Ladeveien 22 AS, which own properties at Lade in the City of Trondheim.

 

AF Gruppen buys site in Trondheim for residential development
Today Ladejarlen Utvikling AS has entered into a contract to acquire 100% of the shares in the companies Jarlveien 15-19 AS, Gjevik Eiendom AS, Ladeveien 20 AS and Ladeveien 22 AS, which own properties at Lade in the City of Trondheim. AF Gruppen Norge AS, Stokke Industri Eiendom AS and Prosjektpartner KSU each own 1/3 of the company Ladejarlen Utvikling AS.
The acquired properties have a central and attractive location at Lade in Trondheim. The properties have been regulated for the construction of new buildings totalling 26,000 m2 gross area, of which 23,000 m2 will be residential and up to 3,000 m2 commercial. In addition there will be underground parking and storage spaces. The area has been approved for between 300 and 400 flats.
Sales are planned to start in the summer/autumn of 2017, and the estimated start of construction is autumn 2017/winter 2018.
The agreed price for the companies is NOK163 million. 
For further information: 
CEO: Morten Grongstad, tel. +47 991 53 905
EVP Property and Energy, Andreas Jul Røsjø, tel. +47 481 96 998

AF Gruppen Norge AS, Stokke Industri Eiendom AS and Prosjektpartner KSU each own 1/3 of the company Ladejarlen Utvikling AS.

The acquired properties have a central and attractive location at Lade in Trondheim. The properties have been regulated for the construction of new buildings totalling 26,000 m2 gross area, of which 23,000 m2 will be residential and up to 3,000 m2 commercial. In addition there will be underground parking and storage spaces. The area has been approved for between 300 and 400 flats.

Sales are planned to start in the summer/autumn of 2017, and the estimated start of construction is autumn 2017/winter 2018.
The agreed price for the companies is NOK163 million. 

For further information:

CEO: Morten Grongstad, tel. +47 991 53 905
EVP Property and Energy, Andreas Jul Røsjø, tel. +47 481 96 998

Published: 2/22/2017