NCC to sell property combined with housing contract in Sollentuna

NCC to sell property combined with housing contract in Sollentuna

NCC Housing in Sweden has signed an agreement with Sollentunahem for the
transfer of a property combined with a housing contract in central Sollentuna.
The transaction is valued at approximately SEK 257 million.



- Previously this year, we implemented a similar transaction with Sollentunahem
and it is gratifying that we will be able to bring about more rental apartments
in the Stockholm area through this additional transaction, says Filip Bjurström,
Regional Manager of NCC Housing Stockholm/Mälardalen.

The transaction entails that NCC Construction Sweden will build 142 apartments
close to Sollentuna City Center on a turnkey contract basis. The contract work
is scheduled to commence during autumn 2009 and to continue for approximately
three years. 

The property in Sollentuna will be handed over on June 15, 2009. The total
purchase consideration for the land amounts to SEK 70 million and will be paid
in conjunction with takeover. The contracts will be registered among orders in
the second quarter of 2009.


For further information, please contact:
Filip Bjurström, Regional Manager NCC Housing, Stockholm/Mälardalen region,
+46(0)8 585 526 42
Susanne Victorin, Department Manager, NCC Construction Sweden, +46(0)8 585 512
84
Lovisa Lagerström Lantz, Acting Press Relations Manager, NCC AB, +46 (0)70 592
45 46



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

NCC is one of the leading construction and property development companies in the
Nordic region. NCC had in 2008 sales of fully SEK 57 billion, with 20,000
employees. 

NCC Housing develops and sells housing in selected markets in the Nordic region,
Germany, the Baltic countries and St. Petersburg. The business area is active
throughout the housing-development value chain.