Peab acquires development rights in Oslo
Peab has acquired the development rights Sörkedalsveien 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.Peab is acquiring the property from Höegh 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.
"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