NCC sells office project in Hagastaden

NCC is selling the Torsplan 2 office property in Hagastaden, Stockholm, and is
simultaneously signing a contract to acquire an office property in Solna
Business Park. The counterparty in the transaction is Fastighets AB Brostaden.
The sale of Torsplan 2 will be carried out in the form of a company transaction
at a value of approximately SEK 1.6 billion. The acquisition in Solna
encompasses approximately 35,000-40,000 square meters of office development
rights and is conditional upon the approval of a new detailed development plan.
“Hagastaden in Stockholm is a prime example of how NCC, in cooperation with the
City of Stockholm, has transformed the area into an attractive and accessible
city district. In parallel with selling our second successful project in the
area, we are also very pleased to be able to enter a swap arrangement with
Brostaden, thereby giving us the opportunity to expand our project portfolio
with a new exciting project in the attractive Solna Business Park,” says Carola
Lavén, Business Area Manager at NCC Property Development.

The transaction will take the form of a swap arrangement with Fastighets AB
Brostaden. By means of a company transaction, NCC will sell the Torsplan 2
office project valued at approximately SEK 1.6 billion to Fastighets AB
Brostaden. Brostaden is scheduled to take over the property in the first quarter
of 2017. The property has a total leasable floor space of approximately 23,000
square meters comprising offices as well as retail and service premises at
ground level. The leasing rate is currently 71 percent and NCC provides rental
guarantees for the vacant premises for 24 months, corresponding to a value of
about SEK 40 million, from the date of occupancy. Tenants include Stockholm
Health Care Services, the gym chain SATS and the supermarket chain Willys Hemma.
Occupancy will take place on a gradual basis starting in the fourth quarter of
2016.

In parallel, NCC is entering an acquisition agreement for an office property in
Solna Business Park that is conditional upon a new detailed development plan
gaining legal force. The property presently houses an office building from the
1980s with approximately 11,000 square meters of floor space. NCC intends
commencing planning activities with the City of Solna to further develop the
property for 35,000-40,000 square meters of offices as well as service and
retail premises at ground level. The acquisition will be carried out in the form
of a company transaction at a value of approximately SEK 280 million.

NCC aims to certify Torsplan 2 at the very highest level – Outstanding – under
the international environmental certification system
BREEAM (https://www.ncc.se/OM-NCC/Miljo-och-energi/miljoklassning
-energiklassning/breeam/). The building will thus be one of the few projects in
the world to be awarded this high environmental accreditation.

The sale of Torsplan 2 will have a positive impact on earnings in the first
quarter of 2017 in the NCC Property
Development (http://www.ncc.se/sv/Lokaler/Fastighetsutveckling-i-NCC/) business
area.
For further information, please contact:

Carola Lavén, Business Area Manager, NCC Property Development, +46 70 177 16 74

Anna Trane, Press & PR Manager, NCC AB, +46 70 884 74 69

NCC’s media line +46 8 585 519 00, e-mail: press@ncc.se, NCC’s image
bank (http://www.ncc.se/sv/OM-NCC/Press-och-media/Bildbank/)
This is the type of information that NCC could be obligated to disclose pursuant
to the Securities Market Act. The information was issued for publication on
December 10 at 8 a.m.

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

About NCC Our vision is to renew our industry and provide superior sustainable
solutions. NCC is one of the leading companies in construction, property
development and infrastructure in Northern Europe, with sales of SEK 57 billion
and 18,000 employees in 2014. The NCC share is listed on the Nasdaq Stockholm
exchange.