Peab sells Gothenburg office building Gamlestads smedja for SEK 675 million

• Peab agreed to sell the newly built Gamlestads smedja office building in Gothenburg for SEK 675 million.
• Transaction is expected to lift earnings by about SEK 60 million, booked in Q4 2026.
• Peab agreed to buy The Front office building in Helsinki for EUR 63 million, equivalent to SEK 715 million.
• The Helsinki asset totals about 17,000 square meters, is about 70% occupied, generates EUR 4.7 million annual rent.
• Both deals are conditional on an additional Gothenburg lease, with closings targeted for Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peab AB published the original content used to generate this news brief via Cision (Ref. ID: 202610120301BITN____UKPR__EN_20261011-BIT-1744-0) on October 12, 2026, and is solely responsible for the information contained therein.