Peab builds apartments in Espoo

Peab has been commissioned to build three apartment buildings, a parking garage and courtyards in Espoo. The customer is Espoon Asunnot Oy and the contract is worth EUR 19 million.

The project includes the construction of three apartment buildings of five to eight stories and a two story parking garage under the buildings and the courtyard. A total of 95 homes will be built.

"The new project which will be built in Olar, Espoo is Espoon Asunnot Oy's first joint venture with Peab. We’re looking forward to a smooth and profitable project where we can take advantage of Peab's solid experience in housing construction," says Pirjo Räihä, Construction Manager at Espoon Asunnot Oy.

"We're proud to have been given the opportunity to work with Espoon Asunnot Oy and to demonstrate to a new customer how we work," says Ilkka Laakeristo, Region Manager Peab.

The project will begin in August 2024 and is expected to be completed in May 2026.

The project was order registered in the second quarter 2024.

Illustration: Arkkitehdit Hannunkari & Mäkipaja Oy

For further information, please contact:

Ilkka Laakeristo, Region Manager Peab, +358 40 767 6187

Juha Hartomaa, Head of Investor Relations Peab, +46 72 533 31 45