Peab builds a new hotel in Stockholm

Peab has been commissioned to build a new hotel close to Kista Fair in Stockholm. Arthur Buchardt is the client and contract sum amounts to about SEK 600 million.

The building will consist of partly a hotel with 300 rooms and partly a restaurant, offices and conference activities. The building will be over 120 meters high and one of the highest in the Stockholm area. The hotel is designed by Wingårdh architectural office.

The contract is subject to a detailed plan to be adopted by the City of Stockholm, which is expected to take place during August 2009.



For additional information, please contact:
Ulf Nordell, project manager Peab +46 733 372264
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 12.00 am on 25 March 2009.

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