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 space of 1,303 and 921 square meters, respectively, located in a pedestrian precinct along Skomakaregatan. Fastighets AB Gerda will take over the properties in February 2004.

The Stockholm holding consists of industrial properties in northern Greater Stockholm, specifically in Järfälla, Upplands Väsby, Sigtuna, Täby and Stockholm. Takeover will occur in February 2004.


For further information, please contact:
Joachim Hallengren, Regional Manager NCC Property Development region Malmö
Tel +46 40 31 71 25
Ylva Sarby Westman, Business Developer Manager NCC Property Development region Stockholm Tel +46 8 585 53035 or +70 592 6026
Gisela Lindstrand, Press Relations Manager NCC AB Tel +46 8 585 52346
or +46 70 392 9500


All of NCC's press releases are available on www.ncc.info

NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2002 sales of SEK 45 billion, with 25,000 employees.