Peab has been awarded a contract by Aranäs fastigheter to construct 84 homes in central Kungsbacka, Sweden.
The contract is worth $16.74m (SEK182m).
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Peab will construct three tower blocks in the centre of Kungsbacka on the block Finken in Tingberget.
The three towers will feature 84 homes with a two-storey garage under them along Kungsgatan.
Peab deputy region manager Andreas D’Arienzo said: “It’s really exciting to participate in developing inner city Kungsbacka and we’re proud to be entrusted with this project. We look forward to this collaboration and to contributing with our expertise to create a Kungsbacka for everyone.”
Aranäs head of property development and projects Pär Karlsson said: “It’s fantastic that our long range work on developing Tingberget is coming to fruition and really great to realize our ideas in cooperation with a strong actor like Peab.”
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By GlobalDataFor Aranäs, this project is a traditional contract. Construction will start immediately, with occupation intended for the spring of 2025.
The project will be included by the company in the order book of Q4 2022.
Last month, Peab was commissioned to undertake construction and concrete work at Vinnelys substation in Nordreisa Municipality, Norway.
The contract, worth NOK169m ($15.76m), will be carried out for Statnett.
Commencing operations in 1971, Nordreisa substation serves as a hub in the Northern Network in the country and comprises most of the 132kV network in two counties – Troms and Finnmark.
The current capacity requires an upgrade, mainly because of the developments in the fishing industry and a higher level of electrification.
With regard to the new 420 kV Balsfjord-Skaidi power line, a permit has been given for the new substation at Vinnelys in Nordreisa.
The current substation will be demolished once the new station becomes functional.
The Vinnelys substation will boost capacity in Finnmark and cut down the effect of glitches in the electricity grid.
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Image: Construction of the project will start immediately. Credit: Peter Dargatz from Pixabay.
