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Peab has acquired the development rights S\u00f6rkedalsveien 150 which is zoned for the development of 130 apartments in Huseby in Oslo. The purchase price amounts to NOK 490 million, corresponding to SEK 477 million.<\/p>\n
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Peab is acquiring the property from H\u00f6egh Eiendom and Arcanum Eiendom AS which have drawn up the zoning plan to convert the current parking lot into apartments in a new and attractive residential area.<\/p>\n
“We’re looking forward to taking on the Huseby project to give the Oslo area an important addition to the current housing market while strengthening Peab’s operations in the capital,” says Jannicke Mansika-Aanstad, Peab’s Project Development Operations Manager in Norway.<\/p>\n
Since the site has a valid zoning plan Peab expects sales to start in 2026 and subsequent construction to start in 2027. The apartments are expected to be ready for occupancy in 2029. <\/p>\n
Peab’s vision for the area is to create a unique living environment where people can live in the center of the city and also close to nature. The project is highly focused on sustainability and will be certified according to BREEAM. The architecture will be timeless and will promote natural meeting places. Two existing buildings will be preserved and renovated into common spaces.<\/p>\n
The transfer will take place during the second quarter 2026.<\/p>\n
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Photo: Ingvild Fylling\/Burson<\/p>\n
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For further information, please contact:
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Peab\u2019s Press Office: pressjour@peab.se or +46 10 456 86 00<\/p>\n
Juha Hartomaa, Head of Investor Relations Peab, +46 72 533 31 45 <\/p>\n
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Peab is the Nordic Community Builder with 13,000 employees and net sales of SEK 59 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it\u2019s lived. Company headquarters are in F\u00f6rsl\u00f6v on Bj\u00e4re Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.<\/p>\n
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