Peab acquires properties from Vasallen

Peab has signed an agreement with Vasallen to acquire a large property portfolio with properties in Borås, Karlskrona, Södertälje and Visby. Access is made ​​on 1 July 2012.

Total acquisition includes 135,000 sqm floor space with a contracted rent of SEK 50 million, and development rights of approximately 360,000 sqm gross floor area.


- We look forward to developing these properties. Peab has vast experience in this form of value-added real estate development. The transaction is fully in line with our ambition to expand organically and through acquisitions, and to strengthen our position as the Nordic Community Builder, says Peab's CEO Jan Johansson.

For further information, please contact:

Tomas Anderson, Division Manager Peab +46 706 344994

Gösta Sjöström, CIO Peab +46 733 371010

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 8.30 am on 12 January 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net sale amounting to around SEK 40 billion. 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.