Nordic community builder Peab has been awarded a contract by Swedish housing company AB Stångåstaden to develop 176 apartment units, a healthcare centre, as well as other premises in Linköping, Sweden.
The estimated value of this turkey contract is Skr346m ($31.62m).
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All of the associated buildings will be developed on the property of Jägarsoldaten 1 in Linköping’s new city borough of Djurgrden.
The scope of the contract includes the construction of five adjacent buildings with a total of two to 14 storeys.
The ground floor will feature the health care centre and eight additional premises ranging from 52m² to 2,400m². The remaining floors will consist of 176 one-room to four-room apartments with included kitchens.
The facade of the buildings will feature traditional brick, plaster, and slate. Two of the buildings will also have roof terraces.
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By GlobalDataThis project aims to be ‘Miljöbyggnad Silver’-certified.
Peab and Stångåstaden entered the contract in the early part of this year for phase one, which included designing and preparing the land for construction. A deal for phase two has now been signed.
Peab region manager Anders Bergeling said: “We’re pleased to be entrusted with carrying out this interesting project together with Stångåstaden.
“The good work we did together during phase one has paved the way to now continue into the production phase, and we look forward [to] continuing our excellent collaboration.”
Stångåstaden’s managing director Fredrik Törnqvist said: “We continue to build and enable Linköping to grow.
“It feels fantastic to pass go right before vacation when others are putting on the brakes. Partnering has made all the difference in being able to proceed with the projects at a construction price that makes them doable.”
Peab will register the contract in the third quarter of this year.
Construction of the project will commence in October this year and is expected to be finished by late 2026 or early 2027.
