Peab to rebuild Olympia in Helsingborg

Peab has been contracted to carry out reconstruction of the football stadium Olympia in Helsingborg. The client is Kärnfastigheter in Helsingborg and the estimated contract amounts to SEK 230 million.

The project includes remodeling, additions and new construction of a 27,000 sqm including unheated public areas.

The contract is a turnkey contract in collaboration, where work will commence immediately with stage 1, then the application and target price are to be produced. Construction start is right after the 2013 season is finished and the new Olympia will be perfectly clear autumn 2015.

- We are proud and excited to have the opportunity to provide Helsingborg with a facility that corresponds to the desire for a modern Olympia. HIF will be difficult to meet at its new home in the future, says Peab Regional Bratislav Marjanovic.

For further information, please contact:

Bratislav Marjanovic, Region manager Peab +46 733 374302

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.