NCC has sold the office project Lysaker Polaris in Oslo to Storebrand Eiendom AS. The transaction is conducted as a sale of a company with an underlying property value of SEK820 million (€85 mln).
“Located close to E18, Lysaker Polaris will have an excellent visibility and an exciting architecture. With a solid tenant like Technip, Lysaker Polaris has proved itself to be a very attractive project for the investor market”, says Carola Lavén, Business Area Manager of NCC Property Development.
The project is located at Lysaker, a well-established office location in Oslo. The area have excellent infrastructure with walking distance to the communication hub Lysaker Station with airport express train, subway and buses. The project has a lettable area of (19,783 m²), a garage and is fully let to the oil- and gas service company Technip Norge AS.
All commercial properties that NCC develops satisfy rigorous environmental requirements. Since 2010, all projects have secured classification under the third-party environmental system, BREEAM, which is the world’s most widely adopted environmental assessment method. Lysaker Polaris will be certified according to BREEAM Very Good.
The transaction will be implemented as a sale of a company, with an underlying property value of SEK820 million (€85 mln). The project is under construction and will be completed in July 2015. Transfer of ownership will take place 15thJuly 2015.
The sale will generate a positive impact on earnings during Q3 2015 in the business area NCC Property Development.