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| NCC sells property in Tornby, Linköping NCC Property Development is to sell Phase 1 of Tornby Handelsgårdar outside Linköping, Sweden, for approximately SEK 200 million. The purchaser is Cordea Savills through its fund Pro2-Immo-Holding Sweden AB. The sale will have a positive impact on earnings for the fourth quarter of 2012. 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. write your comments about the article :: © 2012 Construction News :: home page |