Releases - NCC

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2003

 

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NCC sells properties in Budapest for SEK 135 million

12/23/2003 8:22 AM EST
NCC Property Development has concluded an agreement regarding the sale of retail projects in Budapest, Hungary. The purchaser is Pricoa, a UK fund manager owned by the Prudential insurance company. The sales price of about SEK 135 million will generate an approximately SEK 15 million gain, which will be included in NCC's earnings for the fourth quarter of 2003.

The sale involves two retail projects at...

NCC sells property in Oslo for SEK 400 million

12/23/2003 7:15 AM EST
NCC Property Development has sold the Helsfyr Panorama property in Oslo to Pareto Private Equity for approximately SEK 400 million (NOK 368,5 million). The divestment will generate a healthy development gain that will be included in NCC's earnings for the fourth quarter of 2003.

Helsfyr Panorama is a newly built property that was completed this year. The 17-story office building, which comprises a total...

NCC sells properties in Malmö and Stockholm for SEK 106 million

12/22/2003 6:54 AM EST
NCC Property Development AB has sold properties in Malmö and Stockholm to Fastighets AB Gerda and FastPartner AB, respectively, for a total purchase consideration of SEK 106 million. The sales will have a marginal impact on NCC's earnings for the fourth quarter of 2003.

The properties in Malmö, which are part of the Gyllenstjärna block in the city center, are two retail and office buildings with floor...

NCC to build offices for Danish Radio for SEK 107 million

12/19/2003 6:38 AM EST
NCC Construction Denmark has received an order for the construction of office buildings for Danish Radio's News Center. This is the second phase of work on Danish Radio's new multimedia building in Ørestad. The order is worth approximately SEK 107 million (DKK 90 million).

The assignment entails construction of a seven-story building containing 32,000 square meters of floor space, which will function as...

NCC to sell property in Hungary for SEK 250 million

12/19/2003 4:03 AM EST
NCC Property Development has concluded an agreement with Polonia Property Fund regarding the sale of the Obuda Gate office project in Budapest, Hungary. The sales price of approximately SEK 250 million will generate a gain of about SEK 35 million, which will affect NCC's earnings for the fourth quarter of 2003.

The property, which has 14,000 square meters of office space and 250 parking spaces, is located...

NCC leases premises at Frösunda Front to Eniro

12/19/2003 2:33 AM EST
NCC Property Development and Eniro have signed a major lease agreement. The lease pertains to slightly more than 7,600 square meters of office space in one of the three buildings at NCC's Frösunda Front project. Following the signing of this agreement, Frösunda Front is virtually fully leased.

Frösunda Front, which is being developed and built by NCC, is located by the E4 Highway at Frösunda, Solna. The...

Property write-downs of SEK 750 million charged against earnings for 2003

12/12/2003 6:51 AM EST
The valuations of Group properties that have been conducted for the year-end accounts show that, in relation to book value, the real estate portfolio had a deficit value at the end of 2003. In order to adjust the book value of the properties to the market value, write-downs will be required in the annual accounts for 2003. It is estimated that the write-downs will amount to approximately SEK 750 million.

NCC to sell road-marking operations to Geveko

12/12/2003 3:00 AM EST
NCC and Geveko have signed a Letter of Intent pursuant to which Geveko
will acquire NCC's road-marking operations.

These operations are currently conducted in Sweden, Norway, Denmark and
Poland under the brand names Entreprenadlinjer, Norskilt and Nordisk
Vejmarkering.

In 2002, the operations generated sales of approximately SEK 150 million.

The parties' intention is...

NCC will extend agreement with Altima to five years if Ramirent´s merger is comp...

12/10/2003 1:28 AM EST
NCC will extend agreement with Altima to five years if Ramirent's merger
is completed

In the discussions that preceded Ramirent's offer for Altima, NCC agreed
to extend the term of the existing cooperation agreement between the
parties from three to five years on condition that the merger of
Ramirent and Altima is completed.

In the listing prospectus prepared in connection...

Altima expects operating profit of about SEK 75 million for 2003

11/24/2003 7:37 AM EST
Altima, which will be spun off to NCC shareholders during December,
expects to report operating profit of approximately SEK 75 million for
2003, compared with pro forma profit of SEK 171 million for 2002. These
figures are taken from the prospectus that has been produced in
connection with the spin-off of Altima and which will be distributed to
NCC shareholders, commencing at the end of this...

NCC

NCC is one of the leading construction and property development companies in the Nordic region. The Group had sales of SEK 49 billion in 2010, with approximately 17,000 employees.

NCC develops and builds residential and c...

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Magnus Jonsson
  • Magnus Jonsson
  • External Communication Manager
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