Construction firm NCC has announced the sale of 15,000 m2 of offices within the Frederiks Plads mixed-use development project in Aarhus, Denmark, to the PensionDanmark pension fund in a share deal worth SEK 800 mln (€79 mln).
'This sale marks the completion of NCC Property Development’s Frederiks Plads project, which has now been transformed from an industrial site to an attractive city district. The fact that PensionDanmark is investing in the final phase and thereby becoming the owner of all of the office space in the project is a seal of quality for Frederiks Plads,' said Ole Faurby, head of NCC Property Development Denmark.
NCC has developed the Frederiks Plads city district since 2014 into a mix of housing units, offices and retail space. The Frederiks Plads office scheme is aiming to achieve a gold DGNB Certificate and is currently 75% pre-let, with Nordea and KPMG as tenants. NCC will provide a five-year rental guarantee for unleased space in connection with the sale.
