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NCC AB and Citycon Oyj Acquire Land Site from City of Espoo and Signs Contracts for Construction of Shopping Center; NCC AB Receives Order for New Metro Station and Bus Terminal

Friday, 31 May 2013 02:00am EDT 

NCC AB announced that together with Citycon Oyj, it is to start construction of a shopping mall and a public transport hub in Matinkyla, Espoo, in the Greater Helsinki area, Finland. The shopping mall project will be carried out in a 50/50 joint venture between NCC and Citycon. The total order value is SEK 1,017 million and the orders will be registered in the second quarter of 2013. The joint venture between NCC Property Development and Citycon, acquires a land site from the City of Espoo and is simultaneously signing a contract for construction of the extension of an existing shopping center as well as parking facilities. Lansimetro, the company that operates metro traffic in the Helsinki Metropolitan Area, has simultaneously commissioned NCC to construct a new public transport hub consisting of a metro station and a bus terminal, which will be integrated into the shopping center. The shopping center will be completed in summer 2016. The new metro station and the bus terminal will be ready in 2015 and constitute the main transport hub in the western part of the capital area. The construction orders will be recognized in the NCC Construction Finland business area. 

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