Peab continues to build in Larvik

Peab has been commissioned to build stage two and three of the Grand Quarter in Larvik. The customer is Grandkvartalet Eiendom AS and the contract is worth NOK 167 million.

After almost two years of construction Peab will soon turnover of total of 11,200 m2 apartments, offices, a hotel and a new center.

Now stages two and three, comprising 50 apartments in two large apartment buildings, are in the wings. A parking garage will be built under it and commercial space will also be housed there. Two of the floors will be connected to the apartments and the third will be linked to the hotel built in the first stage. Groundwork and landscaping are also included in the contract.

“The first stage of the project has been really exciting and we’re glad we’ll be taking on the next ones as well. As community builders this is a very important project. We work well together with the customer, which is essential in such a big and complex project,” says Terje Kaasa Larsen, Region Manager Peab.

The project is a turnkey contract. Construction is planned to start in February 2022 and is expected to be completed in September 2023.

The project will be order registered in the fourth quarter 2021.

Illustrator: KB Arkitekter AS

For further information, please contact:

Terje Kaasa Larsen, Region Manager Peab, + 47 916 93 129

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

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