NCC to expand Lindholmen Science Park in Gothenburg for SEK 400 million

NCC to expand Lindholmen Science Park in Gothenburg for SEK 400 million

NCC Construction has received an assignment from Älvstranden Utveckling AB
concerning the expansion of Lindholmen Science Park. The project will be
implemented in direct connection with the Navet property, which was built by NCC
between 2001 and 2003. The order value is SEK 400 million and the project will
be conducted on a partnering basis.    


In 2003, Navet was opened as a meeting place in Lindholmen Science Park, the
most dynamic part of one of Europe's largest town-building projects - Norra
Älvstranden in Gothenburg. 

Several of the world's leading technology companies have established activities
in the area and demand for offices, conference space, restaurants and other
facilities has resulted in the need for expansion there. The two buildings will
be linked or integrated by a roof across the pedestrian street that will be
constructed. 

The premises that will be erected include Lindholmen Science Park Open Arena, a
world-class research center. The new construction project comprises a total of
approximately 21,100 square meters of space on floors one to six and
approximately 5,400 square meters on the two basement levels.   

“We are happy that the project has now been finalized and purchased,” says Mats
Andersson, President of Älvstranden Utveckling AB. “With the new building, we
can offer innovative and creative new companies the opportunity to establish
activities in the Lindholmen Science Park, which will generate new business and
exciting innovations. This will contribute to continued growth in Gothenburg.”

Partnering is a structured cooperation format applied in the construction
industry, whereby the developer, consultants and contractors jointly resolve
construction assignments through open and trusting cooperation in which each
party contributes complementary professional knowledge throughout all stages of
the project.

Planning will commence immediately and the property will be completed in June
2010. The project will employ a total of approximately 100 persons. 

Order registration will occur during the fourth quarter of 2007. 

For further information, please contact:
Ulf Thorné, Press Relations Manager, NCC Group, +46 (0)8 585 523 46, +46 (0)70
214 77 27



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.