The 67 acres property was transferred from AFK to the subsidiary Vindholmen Eiendom AS in 2018.
The transformation from industry to mainly homes was approved by the city council in February 2018. There is now an area plan for the entire district, as well as a detailed zoning plan for the first four construction phases. When finalized, Bryggebyen will consist of 700 homes build in 12 stages.
The area is considered to be very attractive due to its proximity to the sea, its proximity to public transport and good sun conditions. The first stage of construction consists of approximately 6,500 square meters BRA-S divided into 82 apartments. Sales start in the spring of 2019. Pending satisfactory sales, the first residents will move in early 2021. The entire project is planned to be developed over 10-15 years. Vindholmen Eiendom is the builder of the project.
Arendals Fossekompani, AFK, is a green-tech investment company that owns energy- and technology-related companies which enable the transition to a green economy. AFK is also a producer of hydropower, a property developer and a financial investor.
Alytic develops data-driven companies. Capitalizing on the experience from transforming similar businesses, Alytic will serve as a new growth arena for AFK.
Cogen Energia builds and operates cogeneration power plants for higher energy efficiency, reduced CO2-emissions and increased competitiveness.
EFD Induction delivers advanced green power technology based on induction technology throughout the world.
NSSLGlobal is an independent provider of satellite communications and IT support that delivers high-quality voice and data services across the globe.
Tekna is a globally leading supplier of materials for 3D printing in the aerospace, medical and automotive sectors. Tekna's advanced nanomaterials are set to make an impact in electronics and batteries industries.
Volue is an international provider of business-critical software and technology services for power generation, power transmission and distribution, and infrastructure.
Bøylefoss Hydropower Plant
For more than 100 years, Bøylefoss Hydropower Plant has delivered electric power to the industry and households.
Flatenfoss Hydropower Plant
Flatenfoss is situated between Nelaug and Bøylefoss in Nidelva (the Arendal river). The power plant came in to operation in 1927.
Kilandsfoss kraftverk AS has a consession to utilize the height of fall between Flatenfoss and Bøylefoss in Nidelva.
Glomsdam hydropower plant is under planning in Glomsdam at the outlet of Fyresvatn in Telemark.
NorSun manufactures and markets high performance products for the global solar energy industry.
Gullknapp Aerial Center
AFK is the principal owner of Gullknapp Aerial Center, a test and competence center for drones, education of pilots and an airport.
Vindholmen Eiendom (Bryggebyen)
At Vindholmen, three kilometers outside Arendal city center, Arendals Fossekompani converts an old maritime business area into a new living district.
Steinodden Eiendom AS in Kilsund in Arendal is a 8000 square meters property in a sunny location by the sea.