July 10, 2013 - Assignment

NCC sells office and retail project in Hagastaden to KLP Fastigheter AB

NCC has sold the office and retail property Torsplan in Hagastaden, Stockholm for approximately SEK 1.6 billion. The buyer is KLP Fastigheter AB and the preliminary date for occupancy is scheduled for the end of the fourth quarter, 2013.

The transaction will be implemented as a company divestment with an underlying property value of approximately SEK 1.6 billion, net of deferred tax. The total leasable floor space is about 30,000 square meters, comprising some 22,000 square meters for offices, 8,000 square meters for retail activities and a garage with almost 280 parking spaces. The current leasing rate is 84 percent. NCC develops Torsplan to be environmentally certified in level Excellent according to the international environmental certification system BREEAM.

NCC was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Jesper Prytz (responsible partner) and Hillevi Börjesson (project manager), primarily assisted by Jonas Larson (Construction) and Anna Magnusson.