Construction and property group NCC has acquired the Trafikflyget 8 mixed-use development project near Bromma airport in Stockholm from ICA Fastigheter.
NCC plans to invest SEK 2.5 bn (€240 mln) to develop 50,000 m2 of office, retail and hotel space on the site, located next to a planned light rail station.
NCC is leasing 20,000 m2 of the development to house a Maxi ICA Stormarknad supermarket and a Biz Apartment long-stay hotel with some 175 hotel apartments.
Construction is expected to begin in the fourth quarter of 2018 with the project due to be completed in phases. The entire project is planned for delivery in the fourth quarter of 2021.
Cushman & Wakefield was the financial advisor and Bright Advokat the legal advisor to Ica Fastigheter.
