NCC to divest retail and office project in Central Malmö for SEK 1,195 million
NCC is selling an office property and a retail property, with a garage, in the Triangeln property in Central Malmö for SEK 1,195 million. The buyer is Vasakronan. The sale will generate a positive impact on earnings during the fourth quarter of 2013.The transaction will be implemented as a sale of two separate companies, with a total underlying property value of SEK 1,195 million. NCC, which will be responsible for leasing the remaining vacant office space for an additional three years, has placed rental guarantees for this period and will also account for the leasing of vacant retail space
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