Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Press release

Peab builds homes in Ulsteinvik

Peab

Peab has been commissioned to build the new housing project Fagertun in Ulsteinvik. The customer is Ulsmo and the contract is worth NOK 176 million, approximately 169 million Swedish kroner.

The project comprises 49 apartments spread over three residential blocks that will be built over a shared parking garage. The apartments will have large balconies/terraces and efficient energy solutions. The project also includes creating outside storage, a multi-generational playground for the neighborhood and other outdoor work.

"We're very pleased to continue our collaboration with Peab on the Fagertun project. This project is an important step in our efforts to develop quality housing in Ulsteinvik and we look forward to delivering modern and attractive apartments to our customers. Our collaboration with Peab has always been characterized by openness, trust and attention to details, which ensures high quality at every stage," says Ingerid Ulstein, CEO of Ulsmo.

"We're proud to enter into this new partnership with Ulsmo and this project is important for Peab as a local community builder. We have great confidence in Ulsmo as a professional developer," says Kjetil Nordang, MD of Peab K. Nordang.

This construction contract was preceded by a so-called phase 1 contract whereby Peab is contracted to work with the customer to map out an optimized product with the right quality and to manage risks and uncertainties. The project is now entering phase 2 where a construction contract is signed.

The project is a turnkey contract. The project will start in the spring of 2025 and is scheduled for completion in the spring of 2027.

The project will be order registered in the first quarter 2025.

Illustration: Sporstøl Architects

For further information, please contact:

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

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team