NCC to Sell Office Project to Pension Danmark

Denmark Denmark NCC is divesting the Frederiks Plads Company House office project in central Aarhus to Pension Danmark for approximately MSEK 240 (EUR 23M).


Share via e-mail

Frederiks Plads Company House office project in central Aarhus. Image: Per Bille
Frederiks Plads Company House office project in central Aarhus.

Frederiks Plads Company House comprises approximately 4,700 square meters of leasable space and has been developed according to NCC’s attractive Company House concept with a shared service offering.

“We are delighted to be taking over this property. Due to a permanent anchor tenant with a long lease, we expect the investment to generate a high return for our owners for many years to come,” says CEO Torben Möger Pedersen, Pension Danmark.

The transaction will take the form of a company divestment, with an underlying property value of approximately SEK 240 million. On the divestment date, the leasing rate will be 85 percent, and NCC will provide a five-year rental guarantee for unleased premises in connection with the divestment.

The divestment will have a positive impact on earnings in the fourth quarter of 2018 for the NCC Property Development business area.

“Frederiks Plads is a good example of how NCC is actively contributing to the development of a new area in central Aarhus. Frederiks Plads Company House is an attractive office project with a strong service offering that creates added value for the urban environment, as well as for tenants and investors,” says Ole Faurby, Head of NCC Property Development Denmark.

NCC has developed several projects in Aarhus. This project is the first phase of Frederiks Plads and NCC has a building permit for an additional 15,000 square meters in the area.

Frederiks Plads Company House is expected to achieve the Gold Award under the international DGNB 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.

Axel Ohlsson

"To Win Again Is Truly Ineradicable"

Denmark Denmark Rolf Nielsen, Associate Partner and Architect at C.F. Møller Architects, tells Nordic Property News about the London project that won a Mipim Award last week – the unique part, how to win for the second year in a row and how they celebrated the win.

Helaba Finances Danish Office Property for South Korean Fund Managed by AIP

Denmark Denmark In its capacity as mandated lead arranger, agent and sole underwriter, Helaba is financing an high-quality office complex in the Greater Copenhagen area in an amount of MDKK 722 (EUR 96.8M) for South Korean AIP Asset Management. The property is located in Søborg and is a large domicile property of approximately 50,000 sqm, fully let to the global pharmaceutical company Novo Nordisk A/S.

Danish Winner at Mipim Awards

Denmark Denmark Danish architect CF Møller won Best Industrial & Logistics Development at Mipim Awards.

Why Deka Returns to Denmark

Denmark Denmark The German real estate asset manager Deka Immobilien acquired an office project in Copenhagen. Carolin Glück, Head of Acquisitions and Sales Nordics, comments on why they are returning to Denmark and whether more investments are to come.

Wihlborgs Divests in Denmark

Denmark Denmark Wihlborgs has signed an agreement to sell two properties in Copenhagen totalling 17,400 sqm to Viscop Ejendomsselskab, a part of Copi Group and Vision Properties.

NCC Sells Office Project in Copenhagen

Denmark Denmark NCC is divesting the Flintholm II office project, the head office of the consultancy EY in Copenhagen, to the German real estate asset manager Deka Immobilien for approximately SEK 460 million (EUR 43 million).

“We Hope That Everyone from the Nordics Will Cheer for Us”

Denmark Denmark Upcycle Studios, designed by Lendager Group, is the only Nordic project at this year’s Mipim Awards competing for Best Residential Development. Nordic Property News asked CEO Anders Lendager how important it is to win.

These Danish Companies Send Most Delegates to Mipim

Denmark Denmark Nordic Property News presents the complete list of registered participants from Danish companies that will arrive to Mipim in Cannes next week.

Copenhagen Capital Buys from JJW Architects

Denmark Denmark Copenhagen Capital has entered into an agreement to purchase the property Finsensvej 78, 3 & 4, 2000 Frederiksberg from JJW Architects.

“Not a Quest for World Domination”

Denmark Denmark The UK-based property consultant firm Gerald Eve is teaming up with a new Danish partner. Two partners at Gerald Eve tells Nordic Property News why the alliance needs to enter Denmark.