NCC has sold the office project Østensjøveien 27 in Oslo to a syndicate
facilitated by RS Platou Real Estate AS and Malling & Co Eiendomskapital AS. The
agreement will be implemented as a sale of the company with an underlying
property value of 490 MSEK and will be recognized during the fourth quarter
“The Østensjøveien 27 is a modern and sustainable project based on innovative
thinking. It has been selected as one of the world’s 100 most sustainable
solutions at the UN Conference on Sustainable Development”, says Carola Lavén,
President of NCC Property Development.
Ø27 has a high environmental profile with both passive house standard and a
planned BREEAM rating of at least Very Good. The project is located at
Bryn/Helsfyr, close to the city center of Oslo and near several public
transportation hubs. The interior is a spectacular open solution with offices
around an open atrium, with meeting rooms hanging out in the open space. The
architect of Ø27 is the famous Danish architect company Henning Larsen
The project will be completed in December 2013 and the current letting ratio
amounts to 94 percent. NCC is responsible for the letting of remaining vacant
space during 10 years and has provided rental guarantees for this period.
The transaction will be implemented as a sale of the company with a total
underlying property value of 490 MSEK. Transfer of ownership will take place in
The sale will generate a positive impact on earnings during the fourth quarter
2013. The profit of the sale will be recognized in NCC Property Development.
For further information, please contact:
Carola Lavén, President of NCC Property Development, tel + 46 70 177 16 74
Anna Trane, Press & PR Manager, NCC AB. tel +46 70 884 74 69
NCC’s media line +46 (0)8 585 519 00, E-mail: email@example.com, NCC’s Image
This is the type of information that NCC could be obligated to disclose pursuant
to the Securities Market Act. The information was issued for publication on
December 13, 2013 at 3 p.m.
NCC is one of the leading construction and property development companies in the
Nordic region. NCC had in 2012 sales of SEK 57 billion, with 18,000 employees.
NCC Property Development develops and sells commercial properties in defined
growth markets in the Nordic region and the Baltic countries.
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