NCC to build housing in Stavanger for SEK 137 million

NCC to build housing in Stavanger for SEK 137 million NCC Construction Norway has signed agreements regarding orders with a combined value of NOK 125.5 million (approx. SEK 137 million) for the construction of housing in Stavanger. In total, NCC Construction Norway has signed agreements to build 168 residential units in Stavanger. Construction will commence when a sufficient number of housing units have been sold. On behalf of Idun Eiendom, NCC will build a total of 129 residential units, including 49 student apartments at Strømsteinen, close to the city center. The properties will be built within the framework of a turnkey contract and the order value is NOK 94.5 million (approx. SEK 103 million). The construction period is two years and construction is scheduled to commence in October 2004. On behalf of Stavanger Maritime, NCC will build Phase 3 of the Lervig Maritim project in the eastern parts of Stavanger. This phase comprises a total of 39 residential units plus commercial premises. Construction is scheduled to commence during autumn 2004 and extend over a period of one year. The order value is NOK 31 million (approx. SEK 34 million). Further information: Ole Fjeldvedt, district manager, NCC Construction Norway, tel. +47 51 81 78 55 or +47 913 10 570 Øyvind Kvaal, information manager, NCC Construction Norway, tel. +47 900 76 910 Annica Gerentz, action press relations manager NCC AB, +46 8 585 52204 or +46 70 398 42 09 All of NCC's press releases are available on www.ncc.info NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2003 sales of SEK 45 billion, with 24,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/04/20040504BIT20200/wkr0006.pdf