Peab Wins NOK319 Million Home Construction Deal in Norway

03:32 AM EDT, 10/15/2026 (MT Newswires) -- Peab (PEAB-B.ST) entered into a construction contract worth 319 million Norwegian kroner with Askim Næringspark Bolig and Askim Næringspark. The Swedish construction company will build 116 apartment units, as well as a commercial space spanning 2,000 square meters in Askim, Norway, according to a Thursday release. The Bytorget project will start work in the fall of 2026, with completion expected in the second quarter of 2029.