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Peab Bags SEK150 Million Office Building Contract in Sweden

MT Newswires·12/19/2025 03:05:36
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03:05 AM EST, 12/19/2025 (MT Newswires) -- Peab (PEAB-B.ST) said Friday it secured a 150 million-krona contract to develop two new floors and refurbish three existing floors of an office building Karlstad, Sweden. Under the turnkey contract, awarded by Erna Fastigheter, the Swedish construction group will start the development in January 2026, with completion expected in the fourth quarter of 2027. Peab will add the deal to its fourth-quarter order book.