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Transactions - SEPTEMBER 20, 2018

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NCC buys €240m Stockholm mixed-use project

by Andrea Zander

Construction and property group NCC has acquired the Trafikflyget 8 mixed-use development project near Bromma airport in Stockholm from ICA Fastigheter.

The seller was ICA Real Estate. The total investment is estimated to amount to approximately SEK 2.5 billion (€240 million/$282 million).

The mixed-use development project consists of offices, commerce and hotels. NCC has also signed a lease of 20,000 square meters (215,000 square feet). New tenants will be the Maxi ICA supermarket and the Biz Apartment apartment and hotel, which will receive about 175 hotel apartments.

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