NCC sells office project in Oslo for SEK 664 million
NCC Property Development AS has sold the Lysaker Torg 45 office project in Oslo to Aberdeen Eiendom Holding II AS for approximately SEK 664 million. The takeover date will be December 1, 2006 and the transaction will have no impact on earnings in 2006.Approximately SEK 414 million of the purchase consideration will be received during the fourth quarter of 2006, with the remaining portions received in pace with the progress of construction. The agreement includes incentives that could have a favorable impact on earnings as leasing activities progress. NCC has provided rental guarantees