Peab

The property which will be renovated and converted to apartments is an eight story office building from 1953 that was in use until the end of 2019. The project comprises building 58 apartments, two commercial spaces and three office areas as well as a garage and common areas for residents. The building's lighter structures, facades and roof as well as building technique will be upgraded to current standards.

"We're very proud to take on this project and convert an existing property into homes for residents of Helsinki. This particularly good from a climate perspective," says Marko Rinkinen, Region Manager Peab Finland.

The project is a turnkey contract. Construction starts soon and the project is expected to be completed in January 2025.

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

For further information, please contact:

Marko Rinkinen, Region Manager Peab Finland, +358 40 767 6160

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