NCC to sell office project in Denmark to PensionDanmark
NCC is divesting the Frederiks Plads Company House office project in central Aarhus to PensionDanmark for approximately SEK 240 million.
Frederiks Plads Company House comprises approximately 4,700 square meters of leasable space and has been developed according to NCC’s attractive Company House concept with a shared service offering.
“We are delighted to be taking over this property. Due to a permanent anchor tenant with a long lease, we expect the investment to generate a high return for our owners for many years to come,” says CEO Torben Möger Pedersen, PensionDanmark.
The transaction will take the form of a company divestment, with an underlying property value of approximately SEK 240 million. On the divestment date, the leasing rate will be 85 percent, and NCC will provide a five-year rental guarantee for unleased premises in connection with the divestment.
The divestment will have a positive impact on earnings in the fourth quarter of 2018 for the NCC Property Development business area.
“Frederiks Plads is a good example of how NCC is actively contributing to the development of a new area in central Aarhus. Frederiks Plads Company House is an attractive office project with a strong service offering that creates added value for the urban environment, as well as for tenants and investors,” says Ole Faurby, Head of NCC Property Development Denmark.
NCC has developed several projects in Aarhus. This project is the first phase of Frederiks Plads and NCC has a building permit for an additional 15,000 square meters in the area.
Frederiks Plads Company House is expected to achieve the Gold Award under the international DGNB Certification System. NCC’s objective is to minimize the environmental impact and add value for customers and society with environmentally certified buildings, attractive workplaces and inclusive urban environments.
For further information, please contact:
Ole Faurby, Head of NCC Property Development Denmark, +45 (0)248 878 29 email@example.com
Anna Trane, Head of Corporate Media Relations, NCC +46 (0)708 84 74 69 firstname.lastname@example.org
NCC’s media line: +46 8 585 519 00, E-mail: email@example.com, NCC’s Mediabank
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in construction, infrastructure and property development in the Nordic region, with sales of almost SEK 55 billion and 17,800 employees in 2017. The NCC share is listed on Nasdaq Stockholm.