NCC is selling a housing project in Berlin, Germany, to the pension fund of the German investor Bewag for SEK 150 million. The project comprises two apartment blocks with a total of 94 rental apartments.
NCC is to carry out the extensive refurbishment of 493 town houses in Albertslund in Denmark on behalf of Albertslund Boligselskab. The order is worth SEK 610 million and will thus be NCC’s largest refurbishment project to date.
NCC is selling the Torsplan 2 office property in Hagastaden, Stockholm, and is simultaneously signing a contract to acquire an office property in Solna Business Park. The counterparty in the transaction is Fastighets AB Brostaden. The sale of Torsplan 2 will be carried out in the form of a company transaction at a value of approximately SEK 1.6 billion. The acquisition in Solna encompasses approximately 35,000-40,000 square meters of office development rights and is conditional upon the approval of a new detailed development plan.
NCC has been commissioned by HSB to build 158 apartments in Uppsala city center that will form the Brf Hamnen tenant-owner association. The order is valued at just over SEK 340 million.
NCC is selling part of the urban-development area Limhamns läge in Malmö to MKB Fastighets AB for SEK 254 million. The transaction includes approximately 550 development rights.
The Supreme Court of Norway has ruled to declare the appeal inadmissible in the asphalt case relating to illicit collaboration in Trøndelag during the period from 2005 to 2008. The case has thus been closed.
NCC is selling a share of the Sonnengarten property project to Industria Wohnen for approximately SEK 515 million.
As part of the planned separate listing of the Housing business area, NCC has appointed an external Board of Directors for the housing development company. The Chairman will be Carl Engström, Senior Investment Manager at Nordstjernan AB.
NCC is planning to distribute NCC Housing to shareholders in 2016 in accordance with the rules of Lex ASEA. In the event of a spin-off, NCC’s shareholders will receive shares in the new housing development company instead of cash dividends.
According to NCC’s new strategy for profitable growth, the company aims to grow by an average of 5 percent per year and the operating margin will improve from the current figure of about 3 percent to a minimum of 4 percent during the 2016-2020 strategy period.