NCC to sell office project in Helsinki
NCC is selling its Fredriksberg office project in Helsinki for approximately SEK 460 million to Swiss Life Asset Managers.
“In Fredriksberg, we developed a unique office project with a modern design, an interesting tenant mix and an attractive service offering. We are pleased that Swiss Life has chosen to invest in the project, which is located in one of Helsinki’s most attractive neighbourhoods,” says Petri Bergström, Head of NCC Property Development Finland.
The project covers a total of approximately 9,000 square metres of lettable area for offices and retail, and is the first of a total of four phases.
At the time of sale, the leasing rate was 72 percent, and NCC is providing a two-year rental guarantee for unleased space in connection with the sale. After the sale, NCC has an additional approximately 31,000 square metres that can be developed in connection with the project.
The transaction will be conducted as a company divestment, with an underlying property value of SEK 460 million. The sale will have a positive impact on earnings in the fourth quarter of 2018 in the NCC Property Development business area.
The project will be classified with an “Excellent” rating under the BREEAM environmental 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:
Petri Bergström, Head of NCC Property Development Finland, +358 50 3314602 firstname.lastname@example.org
Anna Trane, Head of Corporate Media Relations, NCC +46 0708 84 74 69 email@example.com
NCC’s media line: +46 8 585 519 00, E-mail: firstname.lastname@example.org, 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.