NCC sells office project in Oslo, Norway

NCC has sold the office project Lysaker Polaris in Oslo to Storebrand Eiendom AS. The transaction is conducted as a sale of a company with an underlying property value of SEK 820 million.

“Located close to E18, Lysaker Polaris will have an excellent visibility and an exciting architecture. With a solid tenant like Technip, Lysaker Polaris has proved itself to be a very attractive project for the investor market”, says Carola Lavén, Business Area Manager of NCC Property Development.

The project is located at Lysaker, a well-established office location in Oslo. The area have excellent infrastructure with walking distance to the communication hub Lysaker Station with airport express train, subway and buses. The project has a lettable area of 19,783 sqm, a garage and is fully let to the oil- and gas service company Technip Norge AS.

All commercial properties that NCC develops satisfy rigorous environmental requirements. Since 2010, all projects have secured classification under the third-party environmental system, BREEAM, which is the world’s most widely adopted environmental assessment method. Lysaker Polaris will be certified according to BREEAM Very Good.

The transaction will be implemented as a sale of a company, with an underlying property value of SEK 820 million. The project is under construction and will be completed in July 2015. Transfer of ownership will take place 15thJuly 2015.

The sale will generate a positive impact on earnings during Q3 2015 in the business area NCC Property Development.

For further information, please contact:
Carola Lavén, Business Area Manager, NCC Property Development  +46 (0)70 177 1674
Manne Aronsson, Managing Director NCC Property Development Norway +47 464 33 374, NCC Property Development Norway
Anna Trane, Press & PR Manager, NCC +46 70 884 7469
NCC’s media line +46 8 585 519 00, E-mail: press@ncc.se, NCC’s image bank