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AFG: AF Gruppen to build student housing and commercial premises for Diakonhjemmet Foundation

AFGRegulatory press release07.10.2026, 09.30
Diakonhjemmet Foundation has awarded AF Gruppen the contract for the
construction of Plot D at Campus Diakonhjemmet in Oslo. The contract will be
executed as a design and build contract and has a value of NOK 409 million,
excluding VAT.

The project comprises the construction of a multi-purpose building with a gross
floor area of approximately 9,500 m2. The building will include office and
commercial premises as well as 175 student housing units.
Plot D is located adjacent to VID Specialized University, the future Fridtjof
Nansen Upper Secondary School, and the new Diakonhjemmet metro station, which AF
Gruppen is already constructing for Diakonhjemmet Foundation. The contract will
complete the development of Diakonhjemmet Hage.

The building will be constructed in accordance with Passive House standards and
achieve Energy Class A. The project aims to obtain BREEAM-NOR Excellent
environmental certification.

AF Gruppen has participated in the development of the project through an early
contractor involvement phase in close collaboration with the client.
Construction is scheduled to commence in February 2027, with expected completion
in the first quarter of 2029.

"We are very pleased to continue our collaboration with Diakonhjemmet
Foundation. Through the collaborative development phase, we have jointly
developed sustainable, cost-effective and buildable solutions. We now look
forward to delivering the final building in Diakonhjemmet Hage," says Tormod
Solberg, EVP Building at AF Gruppen.


For further information:
Tormod Solberg, EVP Building, tel. +47 994 01 510
Amund Tøftum, CEO, tel. +47 920 26 712
510\
Amund Tøftum\, CEO\, tel. +47 920 26 712\