NCC to sell logistics facility at Port of Gothenburg for SEK 224 million

Press Release  •  Jul 17, 2012 08:05 BST

NCC Property Development is to divest a logistics facility at the Port of Gothenburg for SEK 224 million. The buyer is M&G European Property Fund, which is managed by PRUPIM, one of the world’s leading property asset managers. The property will be transferred in December and the resulting profit will be recognized in the fourth quarter of 2012.

The transaction will be implemented in the form of a company divestment. The property, which is under construction at NCC’s site at the Port of Gothenburg, is fully leased to Amring (Amerikanska Ringdepoten AB), which will relocate at the end of 2012. The building comprises nearly 26,000 square meters of floor space.

“At the Port of Gothenburg, NCC has Sweden’s most attractive logistics location. This is the second logistics facility to be sold in a short period of time and more sales are expected,” says Joachim Hallengren, President of NCC Property Development. “We have 122,000 square meters of land remaining to be developed at the Port of Gothenburg.”

The warehouse and logistics facilities constructed by NCC meet meticulous requirements in terms of minimizing the environmental impact. The property has been eco-classified at the level “Very Good” according to the BREEAM international environmental certification system.

For further information, please contact:
Joachim Hallengren, President of NCC Property Development; tel: +46 (0)70 643 95 68.
Magnus Jonsson, External Communication and Media Relations Manager NCC AB; tel: +46 (0)8 585 522 46
NCC’s media line +46 (0)8-585 519 00, e-mail: press@ncc.se

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 17 July 2012, at 09:00 am.

NCC is one of the leading construction and property development companies in the Nordic region. In 2011, NCC had sales of SEK 53 billion, with 17,500 employees. NCC Property Development develops and sells commercial properties in defined growth markets in the Nordic region, the Baltic countries and St. Petersburg.

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