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NCC awarded SEK290m order to build 225 apartments in LinkA[pilcrow sign]ping for Riksbyggen.

M2 EQUITYBITES-July 2, 2019-NCC awarded SEK290m order to build 225 apartments in LinkA[pilcrow sign]ping for Riksbyggen

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NCC AB (STO:NCCB) announced on Monday that together with Riksbyggen, it will build eight new apartment blocks with a total of 182 rental units and 43 tenant-owner apartments in Berga Park, Linkoping.

This order is worth SEK290m and the project will be registered by NCC during Q2 2019 in the NCC Building Sweden business area.

According to NCC, two of its standard building designs will be used, namely NCC Lamell and NCC Folkboende. The Lamell buildings will be seven stories and constructed to create a courtyard in which an eight-storey high-rise, NCC Folkboende, will be constructed.

The district will also primarily comprise smaller apartments, studio and one-bedroom apartments, but will also have two-bedroom apartments. The apartments are bright and well planned and these standard buildings have been designed to be durable and easily maintained over time.

Also, the outdoor areas in the courtyard are partially located above an underground garage that meets the area's parking needs. A playground, common areas and parking spaces will also be constructed outdoors.

Reportedly, construction will start in autumn 2019 and the project is expected to be completed in spring 2022.

NCC is a leading company in construction, infrastructure and property development in the Nordic region.

(EUR1.00=SEK10.54)

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Date:Jul 2, 2019
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