Peab to Build Housing and Commercial Space in Askim
Construction company Peab has secured a contract to build housing and commercial spaces for the Bytorget urban development project in Askim, Norway. The order value is NOK 319 million.
Construction firm Peab has announced it has been commissioned to undertake the Bytorget urban development project in Askim, Norway. The project will include 116 apartments and approximately 2,000 square meters of commercial space. Additionally, the development will feature green areas, a parking garage, and a community building for residents.
The clients for the project are Askim Næringspark Bolig AS and Askim Næringspark AS. The total value of the contract is NOK 319 million, equivalent to approximately SEK 334 million. Peab anticipates this project will bolster its order intake in the early part of 2024.
The development is centrally located within Askim and is designed to be part of the area's "3-minute city" concept. Its proximity to public transport, shops, and cultural facilities positions it as a convenient location for residents and businesses alike.