SOLNA, Sweden–(BUSINESS WIRE–
Regulatory News:
The transaction is effectuated as a company sale. Based on the current
leasing ratio of 80 percent, the project is estimated at a value of
approximately SEK 200 M.
NCC is responsible for leasing the remaining vacant space up to
completion of the project and for a further three years thereafter.
Leasing of the remaining space can generate an additional supplementary
purchase consideration of approximately SEK 10 M.
The project will be completed during the fourth quarter of 2012 and
occupancy is scheduled for October 1, 2012. The total area is 11,200
square meters and tenants that have signed leases include XXL Sport,
Vildmark and Elgiganten. About 2,300 square meters is currently vacant
and available for lease.
"At Tornby Handelsgårdar, we have created an attractive trading area by
completely re-designing the local area," says Joachim Hallengren,
President of NCC Property Development. "It is an excellent example of
how NCC as a real estate developer is improving the townscape by placing
the emphasis on people. "
Tornby Handelsgårdar is being constructed with high ambitions of
minimizing its environmental impact and will be classified as "Very
Good" under the BREEAM (http://www.ncc.se/breeam
international environmental assessment method.
This is the type of information that NCC could be obligated to disclose
pursuant to the Securities Market Act. The information was issued for
publication on May 30, 2012 , at 07.30 CET.
All of NCC:s press releases are available on www.ncc.se.
NCC is one of the leading construction and property development
companies in the Nordic region. NCC had in 2011 sales of fully SEK 53
billion, with 17,500 employees. NCC Property Development develops and
sells commercial properties in defined growth markets in the Nordic
region, the Baltic countries and St. Petersburg.
This information was brought to you by Cision http://www.cisionwire.
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