Peab divests its shares in Nya Bara Utveckling
Peab divests its 50 percent ownership in Nya Bara Utvecklings AB to Brinova. Nya Bara Utvecklings AB has been co-owned with Volito Fastigheter and has in recent years developed property around Bara Center, just south of Malmö.The properties in the company, which are now fully developed, have around 14,500 m2 in rentable space and the divestment is based on an underlying property value of SEK 475 million. The properties contain various kinds of public services like a sports arena, health center and library but also a grocery store and 113 residential apartments. “Bara is an attractive