Peab Divests its Holdings in Lemminkäinen

Finland Finland — Peab has announced that it has divested its entire holding in Lemminkäinen Corporation.

Peab Creates Offices in Helsinki

Finland Finland — Peab has begun the construction of its second office building in Pitäjänmäki in Helsinki.

Peab Develops and Builds New Offices in Solna

Sweden Sweden — Peab is gathering all its operations in Stockholm under one roof in Ulriksdal, Solna. The new office building is part of Peab’s investment in the new city district.

Lumo Builds Rental Apartments in Espoo

Finland Finland — Lumo Kodit Oy, in cooperation with Peab, is building apartments at Koivu-Mankkaantie 1b in Espoo. The privately financed rental accommodation consists of one-, two-, and three-bedroom apartments.

Fabege Makes Several Acquisitions in Solna

Sweden Sweden — Fabege is on the move in Solna. The company has bought stakes to become the majority owner in Friends Arena. At the same time Fabege closes a deal with Peab to buy properties in Ulriksdal aswell as Visio.

Peab Builds Extension of Hospital in Hyvinge in Finland

Finland Finland — Peab has been commissioned to build an extension of Hyvinge Hospital north of Helsinki in Finland. The value of the contract is around EUR 31 million.

Peab: Write-down by €84 M of Project Mall of Scandinavia

Sweden Sweden — The project has been reviewed after the mall was opened on 12 November 2015 and thereafter written-down by SEK 800 million (€84 M). The Write-down does not affect dividend capacity in 2015. The Mall of Scandinavia in Solna is Peab’s largest project ever.

Tapiola Acquires 94 Apartments

Finland Finland — A fund managed by Tapiola Real Estate Asset Management acquires 94 apartments from the Swedish construction company Peab.