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