NCC to construct an additional 191 apartments in Espoo
NCC is continuing its partnership with NREP in the Niittykumpu district of Espoo, in the Finnish capital region. The parties have signed a contract for an additional 191 apartments, which will be the third phase in the area. The order value is approximately SEK 260 million.
NCC and NREP previously constructed two phases with residential units in the area, and the third phase – which the parties have now signed a contract for – is essentially identical to the previous ones. The buildings being constructed will be between four and nine stories tall, and the assignment also includes an inner courtyard and a parking garage. In total, the area will consist of 620 apartments once it is completed.
“In this project, we had the opportunity to get involved at an early stage, where together with NREP we developed plans for how the area is to be built. This guaranteed a smooth construction process. Building the project in different phases has allowed us to optimize the process along the way,” says Catarina Molén-Runnäs, Head of NCC Building Nordics.
The project has several solutions for reducing carbon emissions; for example, the residential units will be heated using renewable energy and the block will be LEED Gold certified.
“It has been a pleasure working with NCC on this project, which means a great deal to us. Once it is completed, we will have a well-balanced offering of services for the residents, where a sense of community and sustainable values are center stage. We are really looking forward to continuing to develop the area around the Niittykumpu subway station,” says Antti Toropainen, Head of Investing for NREP.
Construction of the third phase will commence immediately, and completion is estimated for the summer of 2024.
The assignment is a design-build contract of approximately SEK 260 million and will be registered among orders in the third quarter of 2022 in NCC Building Nordics.
For further information, please contact:
Tove Stål, Head of Group External Relations, NCC, +46 76 521 61 02
NCC’s media line: +46 8 585 519 00, firstname.lastname@example.org, NCC’s Media bank
About NCC. NCC is one of the leading construction companies in the Nordics. Based on its expertise in managing complex construction processes, NCC contributes to the positive impact of construction for its customers and society. Operations include commercial property development, building and infrastructure project contracting, and asphalt and stone materials production. In 2021, NCC had sales of SEK 53 bn and 13,000 employees. NCC’s shares are listed on Nasdaq Stockholm.