Peab has been commissioned to build 130 new rental apartments for ÖrebroBostäder AB in Örebro. The contract is worth SEK 224 million.

The contract consists of building five new apartment buildings with a parking garage and bomb shelter underneath with 32 shelters.

"We are proud as community builders to develop this city borough together with ÖrebroBostäder. This project contributes very well to the development of Örebro," says Nils Staffansson, Region Manager Peab.

The project is a turnkey contract. Construction is planned to start in December 2021 and is expected to be completed in the spring of 2024.

The project will be order registered in the fourth quarter 2021.

For further information, please contact:

Nils Staffansson, Region Manager Peab, +46 73 337 32 00

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

Peab is the Nordic Community Builder with 16,000 employees and net sales of SEK 58 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-orebro,c3476420

https://mb.cision.com/Main/424/3476420/1513061.pdf

https://news.cision.com/peab/i/nils-staffansson,c2994970

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