Peab to Divest Office Asset in Sweden, Buy Property in Finland

03:39 AM EDT, 10/12/2026 (MT Newswires) -- Peab (PEAB-B.ST) will sell and buy office buildings in Sweden and Finland under two separate conditional contracts with property company Annehem Fastigheter (ANNE-B.ST). The divestment involves the Gamlestads building in Gothenburg, Sweden. The asset has a lettable area of 13,000 square meters and an annual rental income worth 41 million kronor, according to a Monday release. The construction company will also purchase The Front property in Helsinki, Finland. The building has a 70% occupancy rate, an annual rental income of 4.7 million euros, and a lettable area spanning 17,000 square meters. Peab expects the agreements to be finalized in the fourth quarter, subject to an additional lease deal in Gothenburg.