NCC sells property in Hamburg for SEK 200 million

NCC sells property in Hamburg for SEK 200 million NCC Real Estate has concluded an agreement with Deutsche Grundbesitz- Investmentgesellschaft mbH regarding the sale of the Kielerstrasse property in Hamburg. The sales price is SEK 200 million, which corresponds to a yield of 6.5 percent for the purchaser. The sale will have no significant impact on NCC's earnings. "The sale is in line with NCC Real Estate's strategy of divesting fully- developed properties," says Magnus Mannesson, President of NCC Real Estate. Kielerstrasse 143-147 is located in western Hamburg on a site that was acquired at the beginning of the 1990s. The property that comprises 10,000 2 m of rentable floor space was completed in 1998 and is fully occupied. Current tenants include Compaq and Etap-hotel, which is part of Accor, a French hotel chain. The transaction will be booked under the managed properties category in NCC Real Estate's second-quarter income statement. For further information, please contact: Magnus Mannesson, President NCC Real Estate (+46-8-655 22 75, or +46-7+- 512 18 90) All NCC:s pressreleases can be found on www.ncc.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/07/20000607BIT00200/bit0001.doc http://www.bit.se/bitonline/2000/06/07/20000607BIT00200/bit0002.pdf

About Us

About NCC Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of SEK 55 billion and 17,800 employees in 2017. The NCC share is listed on NASDAQ Stockholm.

Subscribe