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| NCC sold office project in Oslo NCC Property Development AS has sold the Lysaker Torg 45 office project in Oslo to Aberdeen Eiendom Holding II AS for approximately SEK 664 million. The takeover date will be December 1, 2006 and the transaction will have no impact on earnings in 2006. Approximately SEK 414 million of the purchase consideration will be received during the fourth quarter of 2006, with the remaining portions received in pace with the progress of construction. The project at Lysaker will comprise 16,250 square meters of office space on seven stories, 625 square meters of storage space and 309 parking spaces. Construction work will commence in December and is scheduled for completion by the autumn of 2008. write your comments about the article :: © 2006 Construction News :: home page |