Peab selected for university building in Växjö

Peab has been given the task of building an institutional building for the Linnaeus University in Växjö. The customer is Videum AB and the contract is valued at SEK 100 million.

Patrik Hjelm, Videum’s real estate manager, says: “The building is a low-energy property, which means that when it is in operation it will use less energy than the National Board of Housing, Building and Planning’s applicable building regulations.” Peab’s assignment is a turnkey contract, with the construction beginning in March/April 2010. The construction is estimated to be completed by November 2010. Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.01 p.m. on 15 October 2009. Previous press releases from Peab are available at www.peab.com

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Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and SEK 50 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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