The collaborative contract entails close cooperation between OBOS and AF Gruppen to develop and execute a large-scale residential and commercial project, which includes 510 residential buildings with high ambitions for quality, sustainability, and architecture. The agreement builds on the strong partnership between the parties, including previous collaboration on the Storøykilen project.

Work on phase 1 of the collaboration will commence immediately. Phase 2 (execution) is scheduled to begin in the first quarter of 2027. The contract value is estimated at NOK 2,000 million excluding VAT and will be included in the order backlog upon potential contract signing for phase 2.

“We are proud to be part of the development of Fornebu Sør together with OBOS. This is an important project for the area and a strong example of how collaboration can help realise complex urban development projects,” says Amund Tøftum, CEO of AF Gruppen.