NCC to develop and construct rental apartments for MKB Fastighets AB

NCC to develop and construct rental apartments for MKB Fastighets AB

NCC Construction Sweden has been awarded the project development and
construction contract for rental apartments in the Västra hamnen city district
in Malmö. The project has been commissioned by the property company Jungmannen
AB, which will be acquired by MKB Fastighets AB for approximately SEK 200
million on completion of the rental properties. 

Construction on three nine-story tower blocks, which are located on Västra
varvsgatan in Västra hamnen, Malmö, will begin in February 2010. The buildings
will contain 88 apartments, ranging from one to four rooms. All apartments will
feature a balcony or terrace. The two apartments situated on the top floor will
have large roof terraces. The total residential space will be approximately
7,000 square meters. 

NCC will assume responsibility for the entire execution of the project, from
drawing and design of the buildings to project development and implementation of
the contract. The client is the company Jungmannen AB.

“After the building has passed final inspection, MKB will acquire the property
company Jungmannen AB for a purchase consideration of about SEK 200 million,”
says Fredrik Alvarsson, Marketing Manager, NCC Construction, Region South.

Development work on the project has been in progress since summer 2008 and
construction is scheduled to commence in February 2010. The first apartments
will be ready for tenants to take possession in November 2011.
 
NCC will employ about 50 workers in the project.

The order will be registered in the fourth quarter of 2009.

For further information, please contact:
Ulf Thorné, Press Relations Manager, NCC Group, +46 (0)8 585 523 46, +46 (0)70
214 77 27



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. NCC had in 2008 sales of fully SEK 57 billion, with 20,000
employees. NCC Construction Sweden constructs residential and office properties,
roads, civil-engineering structures and other infrastructure in Sweden.