Betonmast, a subsidiary of AF Gruppen, has signed a contract with Sit (the Student Welfare Organisation in Gjøvik, Ålesund and Trondheim) to build 724 student housing units in Trondheim. The commission is a turn key contract with a value of approximately NOK 930 million, excluding VAT.
The Nardoveien project consists of four block slabs that extend over a base at the bottom where the students’ common areas are located. The project has a total gross area of approx. 25,100m2 and accommodates 843 students in 724 bedsits. The base’s common areas include living rooms, reading halls, a communal kitchen, kiosk, gym etc. The project also includes plenty of outdoor areas, including four roof terraces, two of which are connected to separate kitchens.
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The project is the second Betonmast has entered into with Sit in Trondheim in 2023. Earlier this year, the parties entered into an agreement for the construction of 108 student housing units in the city.
“There is a great need for student housing in Trondheim, and the realisation of Nardoveien will be an important contribution to alleviating the housing situation in the city. Following a good collaboration period, we are now looking forward to continuing the good partnership with Sit in the execution phase of this project,” says Peter Sandrup, CEO of Betonmast.
Construction is scheduled to begin during Q1 2024, and is expected to be completed in Q2 2027.
For further details, please contact:
Peter Sandrup, CEO of Betonmast, tel.: +47 915 88 645
Bård Frydenlund, Executive Vice President, Sweden and Betonmast for AF Gruppen, tel.: +47 918 68 621
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