NCC to sell Oslo property for NOK 115 million

NCC to sell Oslo property for NOK 115 million NCC's Norwegian subsidiary, NCC Eeg-Henriksen Eiendom, is selling the Grönvold Gård office property in Oslo to the Vital insurance company for NOK 114.5 million. The transaction will generate a capital gain of NOK 12.5 million. The takeover date is January 1, 1999. Grönvold Gård, which was completed in 1997, comprises a total of 10,550 square meters of floor space on a land area of approximately 5,880 square meters. The property is fully occupied based on long leases of at least 10 years. "The sale is fully in line with our strategy of selling fully developed properties," says Stein Haugbro, President of NCC Eeg-Henriksen Eiendom. "The transaction proves that our high-quality development projects satisfy the market's criteria for a suitable investment object." Grönvold Gård's location is attractive in relation to both central Oslo and the new major airport, Gardermoen. For further information, please contact: Magnus Mannesson, President, NCC Real Estate ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/11/12/19981112BIT00150/bit0001.doc http://www.bit.se/bitonline/1998/11/12/19981112BIT00150/bit0002.pdf