NCC splits business area NCC Building

Nordic NCC will split its largest business area, NCC Building, into Building Sweden, led by Henrik Landelius, and Building Nordics, led by Klaus Kaae. The aim is to provide each unit with better conditions to achieve profitable growth.

2018-09-12

Share via e-mail

Klaus Kaae. Image: NCC
Klaus Kaae.

Henrik Landelius. Image: NCC
Henrik Landelius.

“With two separate business areas we get more energy to drive the change needed to improve profitability and achieve profitable growth. The challenges we need to address differ between the markets and our focus should be on different issues. In Sweden, we must strengthen profitability and ensure continued profitable growth while in the rest of the Nordic region the focus is on continuing the work that is already underway to improve profitability, particularly in Norway,” says Tomas Carlsson CEO of NCC.

The new organization will come into effect as of October 1, with Henrik Landelius, current Head of NCC Building Sweden, as Business Area Manager for the new NCC Building Sweden business area and member of the Executive Management Team. Operations in Sweden accounted for almost 60 percent of sales in NCC Building at the end of 2017, or approximately SEK 14 billion, with about 3,800 employees.

“I can see additional development potential in our operations in Sweden and look forward to continuing to pursue this work moving forward. We are well positioned but the market is competitive and we must constantly improve our customer offerings and our delivery,” says Henrik Landelius, newly appointed Business Area Manager of NCC Building Sweden.

Klaus Kaae, who is currently Business Area Manager of NCC Building, will become the Business Area Manager of Building Nordics, with sales of approximately SEK 11 billion and about 2,350 employees at the end of 2017.

“We have already come a long way toward reversing the trend in Norway and Finland. In Denmark, we have a number of interesting housing and office projects with enormous potential in the future,” says Klaus Kaae, newly appointed Business Area Manager of NCC Building Nordics.




Nicklas Tollesson
nicklas@nordicpropertynews.com




Norwegian Want to Create a New Mall of Scandinavia

Nordic Norwegian owners want to expand Depot in Swedish Östergötland to create a new Mall of Scandinavia-inspired shopping centre. Developer Tor-Erik Lund tells Nordic Property News of a spectacular project in times of retail struggles.


The Largest Nordic Buyers

Nordic Nordic Property News presents a list of the largest Nordic buyers in 2018.

Major Residential Player Makes Management Changes

Nordic One of the leading Nordic residential players makes management adjustments. At the turn of the year Magnus Nordholm replaces Ivar Tollefsen as CEO of Fredensborg, the owner-company of Heimstaden. Magnus Nordholm tells Nordic Property News what this means for the company.

Swiss Life Opens Up for Nordic Partners

Nordic The Swiss Life company Corpus Sireo has entered the Nordics and are looking to make more investments. In the hunt for new Nordic investments they are opening up to collaborate with local partners. Manuel Böcher, Head of International Transacions, tells what partners they are looking for and why.

SPG Expands Team

Nordic Scandinavian Property Group recruits four new employees to their offices in Oslo and Stockholm.


German Construction Giant Makes Nordic Push

Nordic German Goldbeck has established themselves in Scandinavia. The company’s Head of Nordics tells Nordic Property News how they plan on acquiring significant market shares in the Nordics.

Here Are the Markets NCC Exits After Major Loss in Q3

Nordic NCC presented severe losses in Q3. To straighten the ship going forward NCC has decided to vacate several Nordic markets.

Heimstaden Enters New Market

Nordic Heimstaden has completed its first transaction in the Netherlands. The property is located in Utrecht and consists of smaller apartments in close proximity to the university.

“A Feeling of Being in Limbo”

Nordic Technopolis CEO Keith Silverang on the time passed since the Kildare offer, the UMA expansion in the Nordics and entering Poland.

Union Investment’s Next Step in the Nordics

Nordic Union Investment has been an active player in the Nordics. With several purchases in Arenastaden, Stockholm from Fabege and series of recent acquisitions and divestments in Finland Kubilay Özbisikletci, Senior Investment Manager Nordic Region at Union Investment Real Estate, tells Nordic Property News of Union Investment’s Nordic focus going forward.