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AF Gruppen ASA ( (AGRUF) ) has provided an announcement.
LAB Entreprenør, a subsidiary of AF Gruppen, has secured a NOK 212 million contract from Sammen, the Student Welfare Organisation of Vestland, to refurbish two student housing blocks at Hatleberg in Bergen. The eight-storey DE Block and four-storey C Block will be upgraded to provide 240 student rooms along with a rooftop ventilation plant room and shared communal facilities.
The contract represents the third and final phase of the comprehensive refurbishment of Hatleberg’s approximately 540 student rooms, following completion of the F Block in summer 2025 and ongoing work on the AB Block due to finish in summer 2026. Construction on the CDE Blocks will start in the second quarter of 2026 and conclude in the second quarter of 2027, reinforcing LAB Entreprenør’s position in sustainable refurbishment and emissions-cutting building preservation in Bergen.
The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.
More about AF Gruppen ASA
AF Gruppen is a Norwegian construction and civil engineering group with operations spanning building, infrastructure and property development, often executed through regional subsidiaries. LAB Entreprenør, its Bergen-based unit, specialises in refurbishment and new-build projects, with a growing focus on sustainable upgrades and preservation of existing structures for institutional and residential clients.
Average Trading Volume: 33,503
Current Market Cap: NOK19.88B
See more data about AGRUF stock on TipRanks’ Stock Analysis page.