Norway, Oct. 29 -- Betonmast, a subsidiary of AF Gruppen, has signed a contract with Scandinavian Property Group (SPG) for the construction of 129 apartments in Drammen. The contract, which covers two construction phases, is a turnkey contract with a total value of approximately NOK 390 million excluding VAT. Both construction phases are subject to sufficient pre-sales, and the project will not be included in the order backlog until the sales condition has been lifted.The Hotvetalleen project is planned to be developed as a new neighbourhood in Hotvet, Drammen.The total development area is approximately 14,300 square meters GFA. Phase 1 is planned to include 56 apartments, with the remaining 73 to be built in phase 2. The project is expecte...