NCC sells logistics project in Gothenburg for SEK 188 million

NCC Property Development has sold a logistics project at the Port of Gothenburg for SEK 188 million.  The purchaser, Hemfosa, will take possession when the project has been completed, which is expected to be in the first quarter of 2012, at which time the sale will also have a positive impact on earnings.

The project consists of a total 20,000 square meters of floor space, of which offices account for 725 square meters and stores and a terminal for the remainder. The property is currently leased to RPG Logistics AB. Construction is expected to commence in January 2011 and the project is scheduled for completion by spring 2012.

The property will be optimized logistically with direct access to the Port of Gothenburg’s container and RoRo terminals, as well as a double track railway line, including one track on the inside of the terminal building. This ensures the ultimate in logistics efficiency.

The project has been developed in partnership with Göteborgs Hamn AB. NCC owns another 200,000 square meters of developable land in the area, which will be developed into attractive warehouse premises over the next few years.

The property will be certified under the BREEAM accreditation system and achieve the “very good” rating. It will also be GreenBuilding -certified, which means that the energy consumption will be 25 percent less that the norm recommended by the National Swedish Board of Housing, Building and Planning.

For more information, please contact:
Joachim Hallengren, Business Area President, NCC Property Development, +46 (0)8 585 530 07
Manne Aronsson, Regional Manager, NCC Property Development, +46 (0)31 771 53 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 14, 2010 at 9 a.m.

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

NCC is one of the leading construction and property development companies in the Nordic region. In 2009, NCC had sales of SEK 52 billion, with 18,000 employees. NCC Property Development develops and sells commercial properties in defined growth markets in the Nordic and Baltic regions.

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