Peab‘s Norwegian subsidiary has been commissioned to build the Scandic Hotel Fornebu in Oslo, Norway.

The customers are Norwegian real estate firms IT Fornebu AS and Utstillningsplassen Eiendom AS.

The Nkr300m ($50.5m), 25,000m² property will feature 336 rooms, a spa and an energy centre.

Work will begin immediately and is expected to be complete by August 2012.