NCC is to sell the K11 office project in Järva Krog to Castellum for just over SEK 1 billion. Following the completion of K11, the first block of three in the new neighborhood has now been fully developed.
Photo: Joakim Kröger, NCC
Transfer of the building and payment of the purchase consideration will take place on July 1, 2021, yielding a positive earnings effect in the NCC Property Development business area in the third quarter. The transaction will take the form of a company divestment, based on an underlying property value of just over SEK 1 billion.