NCC is completing the Frederiks Plads property project in Aarhus, Denmark, comprising housing, office and commercial premises, by selling the last office space of 15,000m² to the PensionDanmark pension fund for approximately €79.2m (SEK 800m). NCC has developed the city district since 2014 with a mix of housing units, offices and retail space. The property is aiming to achieve a gold DGNB Certificate – a global certification system for sustainable construction based on three central areas: environment, economy and sociocultural factors. At the time of sale, the leasing rate is 75%t, with Nordea and KPMG as tenants.
“This sale marks the completion of NCC Property Development’s Frederiks Plads project, which has now been transformed from an industrial site to an attractive city district. The fact that PensionDanmark is investing in the final phase and thereby becoming the owner of all of the office space in the project is a seal of quality for Frederiks Plads,” said Ole Faurby, Head of NCC Property Development Denmark.
“The acquisition of this new Company House in Aarhus has secured property with strong tenants and a premium location. This concept with flexible and sustainable office spaces is in high demand, and the acquisition brings the total number of Company Houses owned by PensionDanmark to six,” said Marius Moller, Director of Real Estate at PensionDanmark.