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NCC to Construct New Head Office for Danish IT Company in Copenhagen

NCC (STO:NCCA)(STO:NCCB) has been commissioned to develop and construct a new head office building for the Danish IT company NNIT A/S in Gladsaxe, Copenhagen. The office project has been sold to PFA Ejendomme A/S, which will take over ownership in connection with the tenants assuming occupancy in early 2012. The total investment in the project amounts to approximately SEK 900 million.

NNIT A/S is to relocate from Lyngby to Gladsaxe, where the new head office will be part of a newly built office property of approximately 35,000 square meters. Most of NNIT’s present employees in Denmark will move to the new offices in Gladsaxe. The project gives NNIT the opportunity to expand its lease by up to 10,000 square meters.

From NCC’s viewpoint, the development and construction of NNIT’s head office represents one of its largest assignments in Denmark in recent years. The project, which has been developed by NCC Property Development in Denmark, will be built by NCC’s Danish construction operation, NCC Construction Denmark.

When the tenants assume occupancy, the office property will be taken over by PFA Ejendomme A/S and the sale is therefore expected to impact NCC’s earnings during the second quarter of 2012.

The new office building will be a GreenBuilding, which means that it will be designed to consume 25 percent less energy than the prevailing norm for similar properties.

Construction will commence on March 1, 2010.

Source: http://www.ncc.se/

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