Peab rebuilds offices to apartments in Stockholm

Peab subsidiary Kungsfiskaren has been contracted to build an office building into apartments at Gärdet in Stockholm. The client is Aros Djurgarden Gärdet Economic association and the contract amounts to approximately SEK 150 million.

There will be a total of 103 apartments, of which 12 are newly produced on the building's roof. The project also includes a kindergarten and a restaurant on the ground floor.

It is a turnkey contract where work will begin in March 2013 and is scheduled for completion in June 2014.

For further information, please contact:

Emma Eklund project manager Peab +46 733 372834

Gösta Sjöström, C I O Peab +46 733 371010

Peab is the Nordic Community Builder with some 14,000 employees and about SEK 45 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.