NCC sells housing project in Hamburg for SEK 155 million

NCC Housing Germany, NCC Deutschland GmbH, has sold a proprietary housing project in the northwestern area of Hamburg for SEK 155 million.

The buyer is a German residential property fund, which will take possession of the project upon completion in December 2011. The buyer is responsible for the letting. The sale will affect earnings in the fourth quarter of 2011.

The project comprises 54 apartments, 21 row houses, 45 garage slots and 21 above-ground parking spaces. It is located in Eidelstedt, a district of Hamburg.

For further information, please contact:
Olle Boback, Manager NCC Housing Germany, +49 3361 670 433
Magnus Jonsson, Press Relations Manager, NCC Group, +46 (0)8 585 522 46, +46 (0)70 817 8711

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 December 23, 2010, at 3.15 p.m.

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

NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2009 sales of fully SEK 52 billion, with 18,000 employees. NCC Housing develops and sells housing in selected markets in the Nordic region, Germany, the Baltic countries and St. Petersburg.

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