Nordic builder Peab has secured a Skr130m ($13.4m) contract from real-estate company Nordr Sverige to construct a new housing development in Oceanhamnen, Helsingborg, Sweden.
The new development in Helsingborg will feature a building with floor heights ranging from four to seven storeys.
It will accommodate commercial premises alongside 57 new tenant-owner apartments with a variety of residential options, including penthouses, townhouses, and smaller apartments.
Peab region manager Peter Lindstedt said: “We’re very proud to have been entrusted with this project and to be able to contribute with our expertise in the construction of more homes in Helsingborg. This is a great example of our local community building.”
The project has been assigned as a turnkey contract.
The construction work, which began this month, is set for completion by early 2027.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe Helsingborg housing development is set to be registered by Peab in the second quarter of 2025.
Peab, headquartered in Sweden, reported net sales of Skr58bn and employs a workforce of 13,000.
The company has also recently been awarded other significant contracts.
Last month, it secured a Skr135m contract for a new 100-unit housing development in Lindvallen, Sweden. The project was commissioned by Skiab, a joint venture between SkiStar and Peab.
Additionally, Peab has been entrusted with a pivotal infrastructure project at the Port of Oxelösund. The contract, worth Skr137m, involves constructing a new 122m dock and dredging the harbour basin.
This enhancement will modernise the port’s facilities and increase its capacity for sustainable transportation by accommodating larger vessels, thus contributing to reduced carbon emissions through more efficient logistics solutions.
