Peab

The project comprises building three apartment buildings with four to six floors and a total of 215 apartments. Two of the buildings will have basements.

"We're very proud to deliver this large and for us and Tampere important housing project to TVA in the current market. We've started up preparations in a good atmosphere of collaboration and look forward to getting the construction phase going," says Matti Joensuu, Region Manager Peab.

"We're pleased with the progress in the Hipposkylä project and development in the area. The project is the largest in TVA's history. Collaboration with Peab has begun well and we believe we will be able to deliver high quality apartments to meet the growing demand in Tampere," says Marko Salonen, MD of Tampereen Vuokra-asunnot Oy.

The project will begin in January 2024 and is expected to be completed in December 2025.

The project will be order registered in the fourth quarter 2023.

Illustration: Rejlers Rakentaminen Oy

For further information, please contact:

Matti Joensuu, Region Manager Peab, +358 40 713 2810

Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45