NCC to lease offices in Västerport to Preem Petroleum

NCC to lease offices in Västerport to Preem Petroleum

NCC Property Development has signed an agreement with Preem Petroleum AB
concerning the leasing of 5,450 square meters of floor space in the Västerport
office project at northwest Kungsholmen, Stockholm. Preem will take possession
during the fourth quarter of 2008. The property was earlier sold to Credit
Suisse Asset Management. The lease agreement with Preem will have a positive
effect on NCC's earnings, which will be reported in the fourth quarter of 2007.

Västerport is in the middle of the expansive Stadshagen area in northwest
Kungsholmen. Stadshagen is undergoing major changes with 4,000 new residences
being built and several thousand people expected to work in the area.

“We are developing a new, modern office building with 20,000 square meters of
floor space in an attractive exposure location by the Essingeleden route. The
building is classified as a Green Building, with low energy consumption and an
excellent working environment,” says Fredrik Hemborg, Property Developer at NCC
Property Development. 

“At Preem, we are working diligently to create a sustainable future by producing
and selling environmentally compatible fuel. We are a modern company in an old
industry, which is why it is a natural step to relocate to newly built premises
offering modern technology and a first-class working environment,” says Michael
G:son Löw, President and CEO of Preem Petroleum AB

A lease has already been signed with SATS Sports Club, which will open its new
training facility in August 2008. The leasing of other premises, ready for
tenants by the spring of 2008, is in progress and discussions are being held
with several interested parties. 

For further information, please contact:
Fredrik Hemborg, Property Developer, NCC Property Development, +46 (0)8 585 530
31, +46 (0)70 398 41 88.
Magnus Widén, Regional Manager Stockholm, NCC Property Development, +46 (0)8 585
521 11, +46 (0)70 85 18 49
Johan Jervehed, Vice President, Preem Petroleum AB, +46 (0)10 450 10 85, 
+46 (0)70 450 10 85
Ulf Thorné, Press Relations Manager, NCC AB, +46 (0)8 585 523 46, +46 (0)70 214
77 27


NCC Property Development develops and sells commercial properties in defined
growth markets in the Nordic and Baltic Sea countries. Its target groups are
users seeking inspirational and sustainable environments and investors seeking
properties that offer stability and a secure return over time. NCC Property
Development has a number of ongoing office, retail and logistical projects with
an investment value of approximately SEK 5 billion.




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 2006 sales of SEK 56 billion, with 22,000 employees.