NCC presented severe losses in Q3. To straighten the ship going forward NCC has decided to vacate several Nordic markets.
Last week NCC sold an office building in Helsinki to Swiss Life and keeps the pace up on the Finnish market. Petri Bergström, Head of NCC Property Development Finland, tells Nordic Property News of the divestment, what next for NCC PD and how he believes the foreign interest in the Finnish market will develop.
NCC is selling its Fredriksberg office project in Helsinki for approximately MSEK 460 (EUR 44M) to Swiss Life Asset Managers.
NCC is purchasing a property from ICA Fastigheter with approximately 50,000 square meters of development rights for offices, retail and a hotel. NCC has also signed 15-year leases for approximately 20,000 square meters.
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.
NCC is making changes to its Executive Management Group. Susanne Lithander is appointed as new CFO. Ylva Lageson returns to NCC as Head of Operational Development and IT and will become a member of the Executive Management Group.
Danica Pension and NCC have entered into an agreement to build 50 apartments in an attractive location in Hellerup, just north of Copenhagen. The order value is approximately MSEK 520.
NCC is to build a cultural district in Örebro that will include such amenities as a public library and a cultural school. The client is the municipal property company Örebroporten Fastigheter AB, and the project is a turnkey contract in partnering.
NCC has been commissioned by the housing development company KONstruct to build 235 rental apartments for students and a café on Gøteborg Allé in Aarhus, Denmark. The investor is the Gøteborg Allé 7 ApS investment company. The order value is approximately SEK 340 million.
NCC is to construct an office and retail complex next to Ratina shopping center in Tampere. The customer is Sponda Plc and the value of the project is approximately EUR 25M.
NCC is to renovate Linnanmaa University Campus in Oulu on behalf of the University of Finland. The renovation is part of the Cooperative Campus 2020 project to create premises for the University of Oulu. The order amounts to approximately EUR 33M.
In partnership with Liseberg, NCC will extend the largest amusement park in the Nordic region. The assignment includes a water park, a themed destination hotel and parking facilities in the city centre of Gothenburg. Liseberg, through the Liseberg Skår development company, has budgeted the assignment at approximately EUR 194M.
NCC has been commissioned by Svenska Bostäder to build 172 rental apartments in Tensta. The project is part of the joint public utility housing framework agreement for the Stockholmshusen program, in which NCC is one of four contractors. The order is worth approximately SEK 250 million.
NCC is divesting an office project in Lysaker outside Oslo in Norway, to Arctic Securities. The transaction is being conducted as a sale of the company with an underlying property value of approximately EUR 31M.
Citycon is to acquire NCC’s 50 percent share of Mölndal Galleria for a purchase consideration based on a property value corresponding to EUR 56M.
NCC launches Loop Industries, a tech company focusing on scalable businesses in the construction industry. The company’s portfolio currently comprises Loop Rocks, Loop Rocks Express and Hauly, digital platforms for logistics, building materials and transport.
Tomas Carlsson, who has been appointed as the new President and CEO of NCC, will assume the position on May 7th, nearly two months earlier than planned. Tomas Carlsson is currently employed at the listed architecture and engineering consultancy Sweco.
NCC expands in Copenhagen through the purchase of an attractive building right in the expansive area Valby. Carola Lavén, Head of NCC Property Development, tells Nordic Property News about the future of Valby and the company's view of the Danish office market.
NCC has signed an agreement with the Swedish Transport Administration for the assignment to construct Central Station, which is a significant phase of the West Link project in Gothenburg.
NCC is to acquire the construction company Jakobsen & Blindkilde and will thereby gain a substantially stronger foothold primarily in Jutland but also in the rest of Denmark.
Niam has signed unconditional agreements to acquire Suurpelto Retail Center and Laajasalo Retail Center in Helsinki from NCC Property Development.
NCC has been commissioned by Västfastigheter to rebuild Skaraborg Hospital in Skövde for more suitable, modern premises. The assignment is a partnering arrangement in two phases, of which the total order value is approximately EUR 61M.
NCC has been commissioned by Danica Ejendomsselskab to build rental units at Bakkedraget by Tuborg Havn marina, Copenhagen. The order is worth EUR 63M.
NCC has been commissioned by Akademiska Hus to carry out an expansion of the Ångström Laboratory at Uppsala University. The order value is approximately EUR 93M.
NCC is to construct the Dansmästaren project in partnering form with Uppsalahem and Uppsala Parkerings AB. The project will include 133 rental apartments, a parking facility and large premises in the Rosendal district of Uppsala. The order value is EUR 30M.