Sweden’s Peab to build apartments in Skien, Norway

Rendering of the new apartments at Herkules Park in Skien (Arkitektkontoret Point)
Swedish builder Peab has been commissioned to construct two, six-storey buildings containing 40 new apartments in the Norwegian city of Skien.

Worth just under $14m (NOK 119 million), the contract adds to the waterside Herkules Park residential development at Hjellevannet.

The client, Herkules Park developer Klosterfoss Utvikling, is owned by Citycon and Peab Eiendomsutvikling.

“We’re ready to get this project going. Ground conditions are good and we expect an efficient construction process and high quality delivery. All the carpentry and parts of the concrete work will be done by our own craftsmen and we’ll include trainees in the project,” says Terje Kaasa Larsen, Peab manager in Norway.

“Our experience is that the housing projects in this area have been well received and make people happy. We want to contribute to the community by building homes connected to centers with meeting places, healthcare and shopping opportunities,” says Citycon’s commercial director, Håkon Tuv Dalland.

The project is a turnkey contract and starts this month. Peab said the apartments would be ready to move into before the summer of 2023.

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