The first two phases are now under construction, with the firstphase expected to be finished this month and the second inDecember, according to a statement by NCC. About 77% of the firsttwo phases are leased, with anchor tenants RGD ReVision and theinsurance company Tryg Vesta. As part of the sale, NCC has agreedto handle the leasing for the remaining space.

|

After December, NCC plans to build an additional two stages ofabout the same size as the first two stages. Once construction iscompleted, the entire complex will be about 20,500 square meters,or about 220,660 square feet. NCC did not return a comment in timefor this article about whether the company intends to sell thesecond half of the complex.

|

The company said in a statement that the complex is beingdesigned to use 25% less energy than a similar office of the samesize. "An increasing number of investors and tenants are demandingenvironmentally smart buildings for climate and cost reasons" saidJoachim Hallengren, company president, in the statement.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.