NCC sells retail property in Kungsbacka for SEK 220 million

NCC sells retail property in Kungsbacka for SEK 220 million

NCC Property Development has reached an agreement concerning the sale of the
Kungsbacka 4:62 property to Vital Eiendomsfond Sverige AB.  The transaction will
be implemented in the form of a company sale and the purchaser will pay the
purchase consideration and take over the company on November 1, 2008. The
transaction will have a favorable impact on NCC's earnings, which will be
reported during the fourth quarter of 2008.

In Kungsbacka, south of Gothenburg, NCC Property Development has developed the
first phase, amounting to approximately 10,000 square meters of space, of a new
retail center that will comprise a total of about 16,000 square meters. The area
is located just south of Kungsbacka Centrum. COOP Sverige Fastigheter AB has
already signed a lease for the entire first phase and will open a COOP Forum
hypermarket and a COOP Bygg building supplies center there on October 1, 2008. 

The next phase in the area will comprise approximately 6,000 square meters of
space for consumer discretionaries, with a focus on home, interior-design and
leisure products.




For further information, please contact:
Lovisa Lagerström Lantz, Acting Press Relations Manager, NCC Group, +46 (0)8 585
523 46, +46 (0)70 592 45 46



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

NCC Property Development develops and sells commercial properties in defined
growth markets in the Nordic and Baltic regions. Our customers want
inspirational and sustainable environments in properties that offer stable and
secure return over time. We have approximately 30 ongoing projects at an
investment value of approximately SEK 7 billion.