Nordic builder Peab has secured a contract from Fastighets AB L E Lundberg to renovate Spiralen Köpcentrum, a shopping mall, in Norrköping, Sweden.
This contract is worth SEK109m ($10.5m).
Peab will rebuild the property Tulpanen 18, which along with Liljan 6 makes up Spiralen Köpcentrum in downtown Norrköping.
The properties will be renovated completely, and its upper level will serve as a meeting place for businesses.
The renovation project involves making major changes in the current buildings, which will make a complete architectural face lift.
The present facades will be replaced with new ones to give a modern look.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Peab region manager Anders Bergeling said: “We look forward to the project and thank Fastighets AB L E Lundberg for entrusting it to us. Renovating Tulpanen, which will make it feel like an entirely new place, will hopefully bring joy to residents of Norrköping.”
This project, which is a turnkey contract, is expected to finish by the end of 2024.
Peab will record this contract in the fourth quarter of 2022.
Last week, Peab was awarded a contract to build an ice skating rink in Landskrona, Sweden.
This SEK161m ($15.48m) contract has been awarded by Landskrona City.
To be located in the area Landskrona IP, the new ice skating rink will consist of two standard-sized ice skating rinks.
The total area of the ice-skating rink will be 7,400m2.
Peab will develop the building as per the Miljöbyggnad Silver standard.
Image: Spiralen Köpcentrum is a shopping mall in Norrköping, will be renovated. Credit: Illustration: White Arkitekter via Peab/Cision.