Peab sells apartments to rent for SEK 774 million to Sigtunahem
Peab sells 459 apartments for rent to Sigtunahem. The value of the deal corresponds to an underlying property value of SEK 774 million.
Peab is a very active builder on the construction market in Sigtuna municipality with property rights, tenant-owner apartments and apartments for rent. Peab will sell some of its property rights in ongoing projects to Sigtunahem.
“This shows how active Peab is in generating new apartments to rent in close collaboration with the municipality. By using our industrial construction system we have reduced production costs and shortened construction time, which creates a good product at competitive prices,” says Peab’s Division Manager Tomas Anderson.
The apartments to rent are spread out in the following areas:
- Södergatan Nord, 172 apartments, 1-4 bedrooms
- Steningehöjden, 146 apartments, 1-4 bedrooms
- Rådmansängen, 23 apartments, 1-4 bedrooms, senior living
- Steningebacke, 54 apartments, 2-3 bedrooms
- Märsta port, 64 apartments, 1-3 bedrooms
As the projects are finished, they will be turned over to Sigtunahem under the period of October 2010 and the summer 2012.
For further information, please contact:
Tomas Anderson, Division Manager Peab, +46 733 372000
Niclas Brantingson, Head of Information Peab +46 733 37 20 06
This information is such that Peab AB is obliged to publish in accordance with Swedish law regarding the securities market and/or the Financial Instruments Trading Act.
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