Releases - NCC

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2004

 

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NCC sells real estate projects in Finland for SEK 640 million

12/23/2004 9:10 AM EST
NCC Property Development has sold a portfolio of property-development projects to NIAM Fund III. The purchase consideration is SEK 640 million (EUR 71 million) and the deal will, after full provision for extended rent guarantees, have a marginal positive effect on NCC Property Development’s income statement for 2004. Of the total purchase sum, SEK 240 million (EUR 27 million) is being paid in 2004.

NCC builds nursing home in Bergen for SEK 150 million

12/23/2004 8:10 AM EST
NCC Construction AS has signed an agreement with Bergen Municipality for the building of a new nursing home in Bergen. The order is worth NOK 141 million, the equivalent of around SEK 150 million.
The building of the Lövåsen nursing home is an all-in contract. The nursing home will have 128 single rooms.

Work on the new home will commence directly in the new year and is scheduled for completion in September...

NCC to build 450 apartments in Nydalen, Norway

12/22/2004 7:00 AM EST
NCC Construction AS in Norway has signed a partnership agreement with the Nydalen Kvarter owner constellation regarding the construction of 450 apartments in the district of Nydalen, Oslo. The first and second phases of construction consist of 110 apartments and have an order value of NOK 126 million, corresponding to SEK 134 million.
The Nydalen property block is owned by Torstein Tvenge and Fri Eiendom and an...

NCC sells housing project in Copenhagen for SEK 197 million

12/22/2004 3:00 AM EST
NCC Construction Denmark is selling a housing project in Copenhagen to K/S Teglholms Allé c/o Finansgruppen Erhverv A/S. The purchase price is approximately SEK 197 million, corresponding to DKK 165.6 million. The project will have a positive impact on NCC’s earnings and will be recognized in pace with the progress of construction.
The project consists of 122 apartments with ownership rights and the combined...

NCC International Projects ceases being a business area

12/21/2004 7:30 AM EST
On January 1, 2005, NCC International Projects will no longer be a business area within the NCC Group. In conjunction with this, business area president Per Nielsen will leave NCC’s Group management.
On March 24, 2004, NCC announced that project operations in Africa, Asia and Central America would gradually be phased out and that projects in progress would be completed.

NCC is instead concentrating its...

Tax ruling gives NCC tax loss carryforward of SEK 605 million

12/17/2004 9:00 AM EST
The Swedish National Tax Board (Skatteverket) has decided to approve a tax loss carryforward of SEK 605 M. This ruling means that NCC will have the possibility of deducting a corresponding amount of tax.
The loss carryforward arose from the liquidation of the subsidiary Fastighets AB SIAB in 2002. The business, which at the time of the liquidation comprised a small-scale real estate operation, was transferred...

NCC sells Skifer og Naturstein AS of Norway for SEK 82 million

12/14/2004 7:48 AM EST
NCC Roads Holding AB is selling Skifer og Naturstein AS, a Norwegian producer of slate, to AS Johs. Grønseth & Co. The purchase consideration is slightly more than SEK 82 million and the sale will generate a marginal capital loss.
NCC’s strategy entails concentration on the Group’s profitable core business and a focus on the Nordic market. The current sale of Skifer og Naturstein is in line with this...

Tax settlement removes contingent liability of SEK 510 million

12/14/2004 3:00 AM EST
NCC Property Development and the German tax authorities have reached an agreement that will exempt NCC from exposure to a tax risk of SEK 510 million.
The dispute traces its roots to properties in Germany that was owned by Dutch subsidiaries of NCC Property Development during the early 1990s and which subsequently became subject to a tax audit.

In connection with this tax audit, the German tax authorities...

NCC secures construction assignment worth SEK 191 million from Biogen Idec

12/8/2004 7:30 AM EST
NCC Construction Denmark and Biogen Idec have signed a Letter of Intent regarding an order with a value of DKK 160 million, corresponding to approximately SEK 191 million. In January, NCC will commence construction of a new head office and new laboratories for Biogen Idec in Hillerød, Denmark.
NCC is to construct the Danish head office of Biogen Idec, the world’s third largest biotech company. The assignment is...

NCC sells residential project in Copenhagen for SEK 154 million

12/1/2004 7:30 AM EST
NCC Construction Danmark A/S is selling a residential project at Amerika Plads in Copenhagen to a joint venture company comprising Nordkranen A/S and Cargill Value Investment. The purchase consideration is slightly more than SEK 154 million (DKK 130 million). The project will generate a positive earnings effect and will be recognized as profit in pace with the progress of construction.

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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