SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News:
NCC (STO:NCCA) (STO:NCCB)
NCC has been commissioned by HSB to build 92 apartments at the Finnbodavarvet area of Nacka. The order is worth SEK 275 million.
The project comprises a total of 92 apartments of sizes ranging from 60 to 106 square meters. The apartments will be built overlooking the water on newly constructed piers in the former industrial and shipyard area of Finnboda Hamn in Nacka, south of Stockholm.
“NCC and HSB will undertake the assignment on a partnering basis, which will create the conditions necessary for success in this unique project,” says Svante Hagman, Head of NCC Construction Sweden.
Partnering (http://www.ncc.se/partnering) is a cooperative format whereby the key participants in a project jointly resolve issues arising in an assignment by means of an open dialog focusing on the best interests of the project.
Piling work in the water will commence in October. Subsequently, two piers will be molded, which will form the foundation of the apartment buildings. Occupancy is scheduled for autumn 2016.
The order will be registered during the second quarter of 2014 in the NCC Construction Sweden business area.
This is the type of information that NCC could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on June 27, 2014 at 8:00 am CET.
NCC’s vision is to reshape our industry, providing superior sustainable solutions. NCC is one of the leading companies in construction, property development and infrastructure in Northern Europe, with sales of SEK 58 billion and 18,500 employees in 2013. The NCC share is listed on NASDAQ OMX Stockholm.
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