12. Juli 2012 
Print
Print
NCC to divest housing projects in Berlin and Düsseldorf
NCC Housing in Germany has divested a housing project with 149 apartments in Berlin to a German special fund for energy-efficient residential buildings (“Energieeffizientes Wohnen”) for SEK 204 million. Transfer and earnings recognition will occur in two phases, in the fourth quarter of 2012 and the fourth quarter of 2013.
The project, which comprises three building structures, is located in the Pankow area in Berlin. The buildings are based on NCC’s concept for residential construction and the 149 apartments have a total of 11,300 square meters of living space. Some 91 garage units and parking spaces will also be constructed.
It is estimated that one of the buildings will be completed and ready for transfer and earnings recognition at the end of 2012 and two building in December 2013. Leasing will commence in August 2012.
The acquisition was implemented by Industria Wohnen on behalf of a special fund for housing properties, “Energieeffizientes Wohnen,” which invests in new and existing properties with high and modern energy-performance. The buyer is responsible for leasing the apartments.
Besides, NCC Housing has divested a housing project, with 98 apartments in Düsseldorf, to a German special fund (KGAL/HI Wohnen Core 2) for SEK 189 million. Transfer and earnings recognition will occur upon completion, third quarter of 2013.
The project, which is located in the Rath area in Düsseldorf, comprises three building structures with a total of 98 apartments and 8,440 square meters of living space. The buildings are based on NCC’s concept for housing construction and most of the apartments consist of two or three rooms between 54 and 121 square meters. Some 98 garage units will also be constructed. The project is scheduled for completion in the third quarter of 2013. Rath is located in the North-Eastern part of Düsseldorf, approximately four kilometers from the city center.
The project, which comprises three building structures, is located in the Pankow area in Berlin. The buildings are based on NCC’s concept for residential construction and the 149 apartments have a total of 11,300 square meters of living space. Some 91 garage units and parking spaces will also be constructed.
It is estimated that one of the buildings will be completed and ready for transfer and earnings recognition at the end of 2012 and two building in December 2013. Leasing will commence in August 2012.
The acquisition was implemented by Industria Wohnen on behalf of a special fund for housing properties, “Energieeffizientes Wohnen,” which invests in new and existing properties with high and modern energy-performance. The buyer is responsible for leasing the apartments.
Besides, NCC Housing has divested a housing project, with 98 apartments in Düsseldorf, to a German special fund (KGAL/HI Wohnen Core 2) for SEK 189 million. Transfer and earnings recognition will occur upon completion, third quarter of 2013.
The project, which is located in the Rath area in Düsseldorf, comprises three building structures with a total of 98 apartments and 8,440 square meters of living space. The buildings are based on NCC’s concept for housing construction and most of the apartments consist of two or three rooms between 54 and 121 square meters. Some 98 garage units will also be constructed. The project is scheduled for completion in the third quarter of 2013. Rath is located in the North-Eastern part of Düsseldorf, approximately four kilometers from the city center.
