Peab has been commissioned to build three apartment buildings in Järvenpää in Finland. The customer is Avain Rakennuttaja Oy and the contract is worth EUR 14 million.

Peab has been commissioned to build three apartment buildings in Järvenpää. The customer is Avain Rakennuttaja Oy and the contract is worth EUR 14 million.

The project entails building three high-rises with a total of 119 apartments in Järvenpää. It is located in Terhola in Järvenpää where Peab is currently building three high-rises and a parking garage for the same customer.

"The new project will be our third for Avain Rakennuttaja in the area. We're proud to have been entrusted with building all our customer's homes in Terhola," says Marko Rinkinen, Region Manager Peab.

The project is a turnkey contract. Construction starts in August 2022 and the project is expected to be completed in March 2024.

The project will be order registered in the second quarter 2022.

For further information, please contact:

Marko Rinkinen, Region Manager Peab, +358 40 767 6160

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45

Peab is the Nordic Community Builder with 15,000 employees and net sales of SEK 61 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it's lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.

https://news.cision.com/peab/r/peab-builds-apartments-in-jarvenpaa,c3590265

https://mb.cision.com/Main/424/3590265/1596213.pdf

https://news.cision.com/peab/i/marko-rinkinen,c3063911

(c) 2022 Cision. All rights reserved., source Press Releases - English