January 26, 2015 9:08 PM ET

Real Estate Management and Development

Company Overview of NCC Property Development AB

Company Overview

NCC Property Development AB develops and sells commercial properties. The company engages in developing offices, retailing and logistics project. NCC Property Development AB was founded in 2007 and is based in Solna, Sweden. NCC Property Development AB operates as a subsidiary of NCC AB.

Vallgatan 3

Solna,  170 80


Founded in 2007


46 8 58 55 10 00


46 8 58 55 30 15

Key Executives for NCC Property Development AB

Chief Executive Officer
Age: 42
Chief Executive Officer of NCC AB and President of NCC AB
Age: 50
Head of Marketing & Communications and Senior Vice President of Marketing & Communication
Age: 51
Compensation as of Fiscal Year 2014.

NCC Property Development AB Key Developments

NCC Property Development Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

NCC Property Development reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of SEK 645 million against SEK 102 million reported last year. Net sales were higher year-on-year and the project that was recognized in profit in Denmark accounted for the large portion of sales. Operating profit was SEK 36 million against SEK 8 million reported last year. For the nine months, the company reported net sales of SEK 1,961 million against SEK 1,367 million reported last year. Most of the net sales in the period derived from the projects recognized in profit. Operating profit was SEK 126 million against SEK 238 million reported last year.

Citycon Oyj to Form Joint Venture with NCC Property Development AB

Citycon Oyj has entered into a joint venture agreement with NCC Property Development AB for the redevelopment and letting of Molndals Galleria, Gothenburg, Sweden. Both Citycon and NCC will participate in the redevelopment project and Citycon intends to purchase NCC's share after the project is completed. Citycon's total investment is estimated at around EUR 120 million.

NCC Property Development Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

NCC Property Development announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of SEK 579 million against SEK 656 million a year ago. Operating profit was SEK 40 million against SEK 152 million a year ago. For the six months, the company reported net sales of SEK 1,317 million against SEK 1,264 million a year ago. Operating profit was SEK 90 million against SEK 230 million a year ago.

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Recent Private Companies Transactions

June 27, 2014
Office Project in Mölndal
March 30, 2014
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