NCC sells properties in Malmö for SEK 117 million

11/10/2000 7:58 AM EST

NCC Real Estate has reached an agreement with Gyllenforsen Fastigheter KB
regarding the sale of the Lekatten 8 and 9 properties in Malmö. The
purchase consideration is SEK 117 million, which represents a break-even
sales result for NCC.

The properties are located at Södervärn in Malmö and contain a total of
three buildings erected in 1992. The buildings comprise office and retail
premises, 53 residential apartments, a preschool center and nursing
residences. Rentable floor space totals approximately 11,000 square
meters.

The purchaser is a real estate company that is part of
Konsumentkooperationens Pensionskassa, KPA (a pension fund within the
Swedish Cooperative Wholesale Society).

"This sale is in line with our strategy of divesting fully developed
properties in order to release capital that can be used in new development
projects," says Christer Svensson, Head of Real Estate Sales at NCC Real
Estate in Malmö.

The properties will be transferred to the new owner on December 1, 2000.

Lekatten 8 and 9 are booked as managed properties and the result of the
sale will be included in NCC Real Estate's fourth-quarter accounts.

For further information, please contact:
Christer Svensson, Head of Real Estate Sales, NCC Real Estate, Malmö
(Tel: +46-40-31 71 35, 070-636 33 23)

All NCC:s pressreleases can be found on www.ncc.se