NCC AB

NCC sells housing project in central Berlin for SEK 315 million

Press release   •   Dec 12, 2012 14:04 GMT

NCC has sold a 148-apartment housing project in central Berlin, to the institutional investor Bayerische Versorgungskammer, for SEK 315 million. Transfer and earnings recognition will occur upon completion, in the third quarter of 2014.

The project, which is located on Liesenstraβe 3-5, in central Berlin, has a total living area of approximately 12 400 square meters and an underground garage.

The apartments are built into one single building block and are ranging in size from 1,5 to 4 rooms covering areas from 33 to 123 square meters.

“Our sales towards the investor market is an important part of NCC Housing’s business and amounts to about 28 percent of the total number of homes sold so far this year”, says Joachim Hallengren, President NCC Housing.

The sale will be recognized in profit in the NCC Housing business area.

For further information, please contact:
Joachim Hallengren, President of NCC Housing, tel:+46 70 643 95 68
Charlotte Hagman, Head of Communications NCC Housing, tel:+46 (0)8 585 516 84, or+46 (0)70 376 10 64
Magnus Jonsson, External Communication and Media Relations Manager, NCC AB Phone +46 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 AB could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on December 12, 2012, at 14.45 CET.

All NCC’s press releases are available at: www.ncc.se/press.

NCC is one of the leading construction and property development companies in the Nordic region. In 2011, NCC reported sales of SEK 53 billion and had 17,500 employees. NCC Housing develops and sells houses in selected markets in the Nordic regions, Germany, the Baltic countries and St. Petersburg.