NCC sells office building in FinlandRead original
NCC has sold the third phase of Plaza Business Park, Loiste, in Finland for approximately SEK 209 million. The buyers are four pension and insurance companies in the OP-Pohjola Group, and transfer of ownership will take place immediately. The sale will have a positive impact on the earnings during the first quarter of 2013.
The project comprises totally 7,070 square meters of floor area, whereof 6,800 square meters of leasable office and service space as well as 181 parking spaces. Loiste office building was completed in December 2012, and the current leasing rate amounts to 93 percent. NCC is setting rental guarantees and is responsible for leasing the remaining vacant space for three years.
”We are pleased to do business with OP-Pohjola, an investor who is sharing our values on sustainability. We see Finland as an important market where we have the ambition to strengthen our leading position as property developer. We currently have six other projects under development on the market”, says Joachim Hallengren, President of NCC Property Development.
The Plaza Business Park consists of five modern office buildings, where leasable area amounts to 27,600 square meters. The first two phases of Plaza Business Park were completed and sold during 2011. The last two phases are now under development and is to be completed during 2013. Plaza Business Park offers some 1,500 workplaces.
Located in Vantaa, the business park has excellent communications, since the plot is adjoining Ring Road III and the Helsinki-Vantaa airport is within easy reach.
The target is to considerably minimize the environmental impact in Plaza Business Park. The Loiste office building is aiming to meet the requirements of the international BREEAM certification at rating Very Good. All five buildings in Plaza Business Park are aiming to meet the BREEAM rating Very Good and the first building is already certified.
The sale will be recognized in the profit of NCC Property Development business area.
For further information, please contact:
Joachim Hallengren, President, NCC Property Development business area
Phone +46 (0)70-643 95 68
This is the type of information that NCC could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on February 28, 2013 at 14:50 CET.
All of NCC:s press releases are available on www.ncc.se.
NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2012 sales of SEK 57 billion, with 18,000 employees.