Peab wins $236m contract for office block in Sweden


June 20, 2018 – Nordic construction and civil engineering company Peab has won an SEK2.1bn ($236m) contract from Vasakronan to construct an office block, Platinan, as part of the new River City in Gothenburg, Sweden.

The development plan for the City of Gothenburg is called ‘Vision Älvstaden’.


The Platinan block will be the Nordic company’s first project in the development package.


Peab, along with Vasakronan, will build the city block comprising 60,000m² TBA in an 18-storey building, which will include a hotel, offices, event venues and restaurants.

The Platinan block will be flanked by the new Hising Bridge and will offer renters a view of the river.


The groundwork has already begun. In the same area, Peab has also taken up the process of decking E45, which will facilitate construction on the roof of Göta Tunnel.

Platinan has a unique architecture with large glass façades and permeated by sustainability.


The company is constructing the building according to LEED certification and aims to achieve the highest level – Platinum.

Peab region manager Stellan Haraldsson said: “Platinan is a fantastic project with a design that will make a definite imprint on Gothenburg. It’s Peab’s largest construction project ever in Region West and we are very proud to create this block together with Vasakronan.”

The project is expected to be completed at the end of 2021 or early 2022.


Earlier, Peab has won a contract to develop city block Sprinten together with Vara Municipality into a cultural meeting place connected to Vara Concert Hall.

The project comprises several parts and the contract is worth SEK185m ($20.8m).


The contract between Peab and Vara Municipality includes renovation and expansion of Lagman Secondary School, building additional school space for the secondary school Academy of Music and Business (AMB), renovation of the Vara Concert Hall as well as building a black box, a room with reinforced acoustics suited for the stage.

The project will be completed in stages and is expected to be completed in 2019.


Peab, which has its headquarters in Förslöv on Bjäre Peninsula in southern Sweden, has offices in Sweden, Norway and Finland.



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