Peab acquires development rights in the Helsinki region
Peab has signed a contract to acquire development rights in Hagalund in Espoo from Trevian Itätuulentie 11 Ky and the city of Espoo. Apartment buildings will be built in the area. The total purchase price is around EUR 20 million.The development rights are located in Espoo Hagalund, right next to Ainoa Shopping Mall and Hagalund subway station. The office building currently there will be torn down and 120 new apartments will be built on the site instead. The area already has approved zoning. “This deal will enable Peab to be part of the renovation of the center of Tapiola and cement our