Peab expands the Gothia Towers in Gothenburg

Peab expands the Gothia Towers in Gothenburg

 

Peab has signed a partnering agreement with Svenska Mässan, the Swedish
exhibition & congress centre, to implement an expansion of the Hotel
Gothia Towers in Gothenburg. The customer is Svenska Mässan and the
contract amounts to approximately SEK 1 billion.
Partnering agreement includes an expansion of the Hotel Gothia Towers,
with a third, 29-storey hotel towers and a 6-storey body on top of
existing East Tower. Hotel Gothia Towers get with this one contribution
of more than 500 rooms and will be following the expansion of Europe's
largest hotel, with a total of 1,200 rooms.
Both the third tower and the body will be environmentally classified
under the international BREEAM.
Work will begin immediately and the entire project is expected to be
ready by the end of 2014-15.
- We are delighted that the Svenska Mässan has given us that confidence.
Together we will implement the expansion in close collaboration with the
Swedish Exhibition Centre's daily activities. That we as the Nordic
Society Builder may participate in the further development of central
Gothenburg, is something we are very proud, said Sven Kerstis, division
manager Peab.

For further information, please contact:

Sven Kerstis, division manager Peab +46 733 37

Gösta Sjöström, CIO Peab +46 733 371010

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 9.00 a. m. on 9 Juni
2011.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)