Peab to Build Youth Housing and Sports Center in The Western Harbour, Malmö

Peab has been contracted to build 130 youth residences and a sports hall with
attached outdoor environment, including a multi-sport arena in the Western
Harbour in Malmö. The client is Malmö City by Stadsfastigheter and the contract
amounts to approximately SEK 112 million.
The contract covers 4,400 sqm of residential and 1,700 sqm sports hall with
surrounding areas.
- It is gratifying to be able to help with youth housing in Malmö, which is
highly demanded. We also look forward to realizing our competition entry in
collaboration with Stadsfastigheter and MKB, says Håkan Olsson, Regional Manager
Peab.
The project is a turnkey contract. Work is expected to begin in May 2015 and
will be completed in phases until December 2016.
The project will be reported in the first quarter 2015.
For further information, please contact:
Håkan Olsson, Regional Manager Peab, +46 733 37 31 66
Niclas Brantingson, CIO Peab, +46 733 37 20 06

Peab is the Nordic Community Builder with some 13,000 employees and net sales
exceeding SEK 43 billion. 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.