NCC sells office project in MalmöRead original
NCC is selling an office property in Hyllie in Malmö, Sweden, for approximately SEK 330 million. The buyer is property company Briggen.
“Malmö is a strongly growing region with future potential where we are focusing on playing an active role as an urban developer. The sale also shows that we are consolidating our position as the leading developer of work environments and properties with world-class environmental performance,” says Carola Lavén, Business Area Manager of NCC Property Development.
The transaction will be implemented as a company divestment with a total underlying property value of approximately SEK 330 million. The property has a total leasable space of about 7,300 square meters. The leasing rate is 94 percent and NCC provides rental guarantees for the vacant premises for 24 months from the date of occupancy. The tenants include Boozt.com, Zumtobel, Human Entrance and NCC. Tenants are scheduled to take occupancy in the first quarter of 2016 and the buyer will take possession of the property in April 2016.
The office property in Hyllie will be certified according to the international BREEAM environmental certification system at the Excellent level. This means that considerable attention will be paid to the building’s indoor environment, ecology and life cycle, as well as energy and water consumption. The premises are being developed in line with the “Future Office by NCC” concept, a Nordic model designed to create attractive and sustainable workplaces for tenants.
The sale will have a positive impact on earnings in the second quarter of 2016 in the NCC Property Development business area.
For further information, please contact:
Carola Lavén, Business Area Manager, NCC Property Development, +46 70 177 16 74
Anna Trane, Press & PR Manager, NCC AB, +46 70 884 74 69
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 Monday, November 16 at 2 p.m.
All of NCC’s press releases are available on www.ncc.se/press.
About NCC Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in construction, property development and infrastructure in Northern Europe, with sales of SEK 58 billion and 18,000 employees in 2014. The NCC share is listed on the Nasdaq Stockholm exchange.