NCC Property Development has concluded an agreement concerning the sale of a development project being built for Domstolsverket (the National Courts Administration) on the Samuel 2 property in Västerås, Sweden. The purchaser is Keops Sverige AB and the purchase price is approx. €13.4 million (approx. SEK 137 mln). The sale will have a favorable impact of approx. €2.4 million (SEK 24 mln) on earnings during the first quarter of 2007.
Construction started in early December 2006. Domstolsverket has signed a lease for 6,500 m² of the total of 7,000 m² included in the project. The lease will extend until April 30, 2023.
NCC Property Development is responsible for developing and implementing the project until the property has been completed, when it will be occupied by the district court, county court and regional rent tribunal in Västerås.
Keops will pay the purchase price and take over the property during the second quarter of 2008.
Source: NCC
