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Peab Assigned to Construct Apartments in Vejbystrand

Dec 17 2009

Peab (STO:PEABB) has been contracted to build 100 apartments in Vejbystrand outside Ängelholm. The customer is Victorias Beach AB and the contract amounts to SEK 175 million. The residences will be built in the area in Vejbystrand where the former Crown Princess Victoria's Coastal Sanatorium was located.

Work will commence in January 2010 and is expected to be ready for first occupation in June 2011.

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 09.00 a.m. on 17 December 2009.

Source: http://www.peab.com/

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