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| NCC sells Finnish property project NCC Property Development is selling the third phase of Tulli Business Park in Tampere, Finland, to UBS (Union Bank of Switzerland) for the purchaser's UBS (D) Euroinvest Immobilien fund for approximately SEK 200 million. The sale will generate a favorable impact on earnings, which will be reported during the fourth quarter of 2008. NCC Tulli Business Park comprises four buildings consisting of 35,000 square meters of floor area and nearly 20,000 square meters of leasable floor space. When completed in full in summer 2009, Tulli Business Park will comprise about 1,000 workplaces, considerable service activities and 350 parking spaces. Tulli Business Park is located in central Tampere, close to the railway station, the university and Tampere Hall. NCC has worked on the development of the Tulli area for several years, in cooperation with the City of Tampere and other players. The architect for the project is Helamaa & Heiskanen. write your comments about the article :: © 2008 Construction News :: home page |