Construction giant NCC has announced the sale of the Lysaker Polaris office development in Oslo to the property arm of Norwegian savings and insurance group Storebrand for SEK 820 mln (€96 mln).

Construction giant NCC has announced the sale of the Lysaker Polaris office development in Oslo to the property arm of Norwegian savings and insurance group Storebrand for SEK 820 mln (€96 mln).

The 19,800 m2 project is fully let to the oil- and gas service company Technip Norge.

'With a solid tenant like Technip, Lysaker Polaris has proved itself to be a very attractive project for the investor market,' commented Carola Lavén, business area manager of NCC Property Development.

The project is under construction and will be completed in July 2015.