NCC to Build Car Showroom for Castellum

Sweden Sweden NCC has initiated a partnering arrangement with Castellum to build a car showroom of slightly more than 25,000 square meters in Huddinge, south of Stockholm. The project is a turnkey contract and the order value is approximately EUR 29M.  

2017-08-17

Share via e-mail

“Smista Allé is one of our most prioritized development areas and this project, the Spejaren 4 property block, will be one of the last in the area. The building, which we will construct together with NCC, is in an ideal location for a showroom directly adjacent to the E4 expressway,” says Anders Nilsson, regional managing director at Castellum.
 
The car showroom will total slightly more than 25,000 square meters and comprise four stories. Two stories will be used as showrooms and offices and two stories as garage and parking space for cars. The building will have a Silver environmental rating from the Sweden Green Building Council.
 
The project is divided into two phases. The first phase is complete, and included planning, project engineering and preparatory groundwork. The second phase will now begin and concerns the construction.
 
“Together with Castellum, we are building a state-of-the-art car showroom on previously undeveloped land. NCC will carry out both groundwork and civil engineering works as well as the construction phase of the project, which is part of Castellum’s development of Smista Allé,” says Henrik Landelius, Head of NCC Building in Sweden.
 
Work is to begin in July and the building is scheduled to be complete at year-end 2018. 
 
The order for approximately EUR 29M will be registered in the third quarter of 2017, about 83 percent in the NCC Building business area and 17 percent in the Infrastructure business area.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




Here Are the Threats to the Stockholm Office Market

Sweden Sweden Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News about the pressure on the yields and the threats to the Stockholm office market that may have reached its peak.

Skanska Builds Office Building in Helsingborg

Sweden Sweden Skanska has signed an agreement with Wihlborgs Fastigheter to build a new office building, Prisma, at the central station in Helsingborg.

Diös Acquires in Östersund

Sweden Sweden Diös has purchased a property on Prästgatan in central Östersund. The property will be a complement to Diös’ current portfolio in the neighbourhood and part of the company’s continued strategy of urban development.

Wallenstam Makes Gothenburg Acquisition

Sweden Sweden Wallenstam acquires a property in Gothenburg CBD from SEB Trygg Liv for MSEK 375 (EUR 36M).

Skanska Sells in Boston

Sweden Sweden Skanska, in partnership with PGIM Real Estate, has divested its multi-family development The Harlo in Boston, USA to Invesco Real Estate, a global real estate investment manager. Skanska’s equity ownership is 50 percent. Skanska USA Commercial Development will record the company’s portion of the divestment, USD 75M in the first quarter of 2019. The transfer of the property was completed February 2019.

Eastnine to Acquire S7 in Vilnius

Sweden Sweden Listed Swedish Eastnine has signed an agreement to acquire Building I, II and III of S7, a newly built and sustainable A-class office park in Vilnius’ central business district for EUR 128.3M.

The Investment Manager Focuses on the Four Major Cities

Sweden Sweden Sweden's largest real estate company Vasakronan has made its last deal outside the big cities. This is why Wihlborgs was the natural buyer in the latest deal.

The CEO on the Divestment to the Building Giant

Sweden Sweden Why AM1 Fastigheter and Kian Properties sells to Skanska at this stage. "Strategic decision."

Wihlborgs Makes Major Acquisition in Lund

Sweden Sweden Wihlborgs acquires two office properties in Lund from Vasakronan for SEK 1.26 billion (EUR 120M).

"It’s Like Coming Back Home"

Sweden Sweden Sweden has a new Minister for Housing. In an interview with Nordic Property News, Per Bolund talks about the biggest challenges in the coming years and why his party has renounced their position on one of the housing issues.