SOLNA, Sweden, Oct. 07, 2003 (PRIMEZONE) -- NCC has reached an agreement with Lerstenen regarding the sale of the Nystanet 1 property at Tomtebo in Umea. The sales price of approximately SEK 82 million will have a marginal impact on NCC's earnings for the fourth quarter of 2003.
The property contains 158 residential apartments and was built by NCC during 1996-1997. NCC has subsequently managed the property with the intention of finding an external purchaser. As a result of this transaction, NCC owns no residential properties or commercial properties in Umea.
Lerstenen is a family business that, following this acquisition, will own residential properties in Umea containing a total of 600 apartments.
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 2002 sales of SEK 45 billion, with 25,000 employees.
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