Peab to build Multihallen in Åre

Peab to build Multihallen in Åre Peab have won the contract to build the Multihallen conference and water recreation centre in Åre. The client is Holiday Club Sweden in co- operation with Åre municipal council and local trade and industry in Åre. The total investment is in excess of SEK 500 million and Peab's contract is worth SEK 310 million. Peab will build a conference hall on all-in contract, with room for up to 1,000 people, and, among other things, a spa, an adventure pool, a golf simulator, a bowling alley, and climbing walls. The centre will also house a 150-room hotel. Construction will begin in November 2002 and it is estimated that the centre will be ready to open by Christmas 2004. The contract will bring Åre 200 new jobs. - Åre has all the prerequisites to develop into a very attractive tourist resort. Cooperation between the council and local trade and industry is very good, as the current project shows. Åre will be very will equipped to host the World Alpine Skiing Championships in 2007, comments Peab CEO Mats Paulsson. For more information, please contact: Leif Lundmark, Project Manager Peab +46 705 59 00 67 Gösta Sjöström, Information Manager Peab 0733-37 10 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/11/05/20021105BIT00160/wkr0001.doc http://www.waymaker.net/bitonline/2002/11/05/20021105BIT00160/wkr0002.pdf