July 12, 2014 4:52 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

Sweden

Founded in 2007

Phone:

46 8 58 55 10 00

Fax:

46 8 58 55 30 15

Key Executives for NCC Property Development AB

Chief Executive Officer
President
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 AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

NCC Property Development AB reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales of SEK 102 million against SEK 318 million reported last year. Operating profit was SEK 8 million against pperating loss of SEK 27 million reported last year. For the nine months, the company reported net sales of SEK 1,367 million against SEK 1,752 million reported last year. Operating profit was SEK 238 million against SEK 81 million reported last year.

NCC Property Development Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

NCC Property Development reported earnings results for the second quarter and six months ended June 30, 2013. For the second quarter, the company reported net sales of SEK 656 million against SEK 392 million reported last year. Operating profit was at SEK 152 million against loss of SEK 4 million reported last year. Net sales were higher year-on-year and the projects that were recognized in profit accounted for the larger portion of sales. In the year-earlier period, one project was recognized in profit. For the six months, the company reported net sales of SEK 1,264 million against SEK 1,435 million reported last year. Operating profit was at SEK 230 million against SEK 107 million reported last year. Three projects were recognized in profit during the first six months of the year. Sales of land and earnings from earlier sales also contributed to earnings.

Carola Lavén to Join NCC Property Development AB as President and Member of Board

Carola Lavén will be the new President of NCC Property Development AB, commencing at the latest during April, 2013. She joins NCC from Atrium Ljungberg where she is currently Head of business development and member of the management team. She has held executive positions in business development at Atrium Ljungberg (LjungbergGruppen) since 2003. Prior to this, she has worked at Drott and Skanska in various senior management positions as property manager and developer. She will be a member of NCC Group Management.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
June 27, 2014
Office Project in Mölndal
Merger/Acquisition
March 30, 2014
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Merger/Acquisition
January 22, 2014
Third Phase of Alberga Business Park Close to Helsinki
 

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