Peab expands the KTH in Stockholm

Peab has been contracted to conduct a comprehensive renovation and extension of KTH, the Royal Institute of Technology in Stockholm. The client is Akademiska Hus and the target price amounts to SEK 310 million.

The mission, which is a general contractor in collaboration, consists of constructing a new school building for architectural education and to renovate the existing entrance. The new venture will serve as a landmark on the institution string called Aademiska Landsvägen and connects KTH with Frescati, Albano and Stockholm University.
Work has begun and is scheduled for completion in May 2015.

"In the development towards top class of the Knowledge Region and University City of Stockholm, we gladly look forward to a fruitful collaboration with Peab in the Architecture project, ¨ says Sten Wetterblad, Regional Director of Akademiska Hus, Region Stockholm.

For further information, please contact:

Magnus Wiberg, project manager +46 733 376885

Gösta Sjöström, C I O Peab +46 733 371010

Peab is the Nordic Community Builder with some 15,000 employees and more than SEK 40 billion in net sales. 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.