NCC is selling the Valle Wood and Valle View office projects, including the remaining development rights in the Helsfyr area of Oslo, to Valle Eiendom Holding AS, a newly formed property company established by Pareto Securities, for nearly €186m (SEK 2bn). The development project in Valle covers nearly 60,000m² of office development rights and benefits from close proximity to the E6 motorway and easy access to the subway, airport buses and transit routes.
The office projects are being built in phases; Valle Wood was completed in the summer of 2019 and is Norway’s largest commercial property in solid wood. The second phase, Valle View, has been started and leased to the Norwegian Directorate of Immigration, with completion planned for the second quarter of 2021.
Valle Wood and Valle View will be environmentally certified under the international BREEAM system, with a rating of Excellent. NCC’s objective is to minimize the environmental impact and add value for customers and society with environmentally certified buildings, attractive workplaces and inclusive urban environments.
Helsfyr is a well-established office area in Oslo. The development of Valle is part of the overall development plan for the area, which also includes a stadium for the Valerenga football club, shops, a school and approximately 300 residential apartments.
“The development and sale of Valle Wood and Valle View are prime examples of successful property development. NCC has been an active driver in this urban development project, making the Valle area a vital part of the Norwegian capital,” said Thomas Dahle, Head of NCC Property Development in Norway.
