Peab builds a new store for IKEA in Norway

Peab has been contracted to build a new department store for IKEA in Ringsaker between Lillehammer and Hamar, about 100 kilometers north of Oslo. The customer is IKEA Fastigheter and the contract amounts to NOK 270 million.

The contract is part of the agreement between IKEA and Peab signed in December 2010. The agreement means that Peab will build ten stores for IKEA in the Nordic countries and the collaboration continues as planned. The department store in Ringsaker is the fifth store. Kuopio in Finland was the first, Älmhult the second, Uddevalla the third and Borlänge the fourth.

Ground works in Ringsaker have begun and the store is expected to be completed in the first quarter 2015.

The project will be reported in the fourth quarter 2013.

For further information, please contact:

Trond Dahl, project manager Peab AS +47 913 36556

Gösta Sjöström, C I O Peab +46 733 371010

Peab is the Nordic Community Builder with some 14,000 employees and about SEK 45 billion in net sales. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.