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NCC is now commencing work on the property development project MIMO, encompassing approximately 40,000 square meters of offices, services and retail in Mölndal, due south of Gothenburg, Sweden. One third of the project space is already let to tenants, which include SATS and Mindpark.
NCC, in a partnering arrangement with Hufvudstaden, is to rebuild and expand the Johanna city block in central Gothenburg, adding many new workplaces in retail, restaurants and offices. The partnering project is a turnkey contract with an order value of approximately SEK 1.2 billion.
NCC divests Road Services Denmark to the German based holding company Mutares (Frankfurt Stock Exchange: MUX). The transaction is expected to have a marginal positive effect on NCC earnings and cash flow in connection with closing, expected in the second quarter.
NCC, in partnership with Region Jönköping County, has started the construction of a new train depot in Nässjö that will ensure service and maintenance for trains in and around the county. The order value is approximately SEK 550 million.