NCC and Ikano Bostad to develop 1,000 housing units in Malmö in joint land development company

NCC and Ikano Bostad to develop 1,000 housing units in Malmö in joint land
development company 

NCC Housing in Sweden is selling land worth SEK 150 million and will, in
conjunction with Ikano Bostad, establish a joint land development company to
develop the new district of Elinegård in Malmö. The area is located near a
limestone quarry in Limhamn where NCC Housing and Ikano Bostad plan to build
1,000 new housing units. Work is scheduled to commence in 2011. 

The area in Elinegård, which is one of the final remaining large continuous
areas of land beyond inner Ringvägen in Malmö, will be developed with
single-family dwellings and apartment blocks, as well as some retail properties
and schools. 

“It is an attractive area located close to both pleasant natural areas and the
major cities of Malmö and Copenhagen. Together with Ikano Bostad, we will
further increase the attractiveness of the area by offering housing for
additional, broader target groups,” says Henrik Lindén, Regional Manager at NCC
Housing, Southern Region.

Robert Jaaniste, President of Ikano Bostad, says:
“This venture in conjunction with NCC, in which we will be involved in
developing an entirely new housing area in Malmö, means that we have now truly
established ourselves in the Öresund region,”

The sale of land will have a positive earnings effect in the fourth quarter.

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.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.