NCC sells its share of Ullevi Park in Gothenburg to Vasakronan for SEK 116 million

NCC sells its share of Ullevi Park in Gothenburg to Vasakronan for SEK 116
million

NCC Property Development in Sweden has sold its participation in the Ullevi Park
1 development project to Vasakronan. The purchase consideration is SEK 116
million and the transaction is being conducted in the form of a sale of a
company. The transaction will have a positive effect on earnings, which will be
reported in the fourth quarter of 2009. Through the transaction, NCC Property
Development will acquire further development rights in the area.

Ullevi Park 1, which is where the new City Court is located, is the first office
building in Gothenburg to be classified as a GreenBuilding. The
16,500-square-meter property, which is fully leased, was developed in a company
owned jointly with Vasakronan. The first phase, which will now be owned in full
by Vasakronan, is leased to the National Courts Administration, which includes
the New Gothenburg City Court, and to the Rent and Leasehold Tribunal. The
tenants will take occupancy in October 2009. 

New green landmark
The transaction includes an agreement for NCC Property Development to take over
the entire Ullevi Park 2 project, which was previously co-owned with Vasakronan.
The Ullevi Park 2 project, which is situated adjacent to the old and new Ullevi
arenas, will be an approximately 14,000-square-meter office building. The new
16-story building will become a landmark in the heart of central Gothenburg,
just where the events thoroughfare starts.  

“Ullevi Park is being developed with a focus on the environment and Ullevi Park
2 will also be developed as a GreenBuilding property. As a GreenBuilding
Corporate Partner, we undertake to ensure that 75 percent of our development
projects will fulfill the GreenBuilding criteria and our aim is that all of our
office projects will carry the GreenBuilding label,” says Håkan Sahlin, Regional
Manager West, NCC Property Development. 

NCC has considerable experience of GreenBuilding properties. To date, the Group
has 13 approved projects, most of which are completed. In the Gothenburg area,
for example, the COOP facility in Kungsbacka, the first retail complex in Europe
to be approved and labeled as a GreenBuilding, was recently completed.

For further information, please contact:
Håkan Sahlin, Regional Manager West, NCC Property Development Sweden, +46 31-771
53 30
Ulf Thorne, Press Relations Manager, NCC AB, +46 (0)8 585 523 24, +46 +46
702147727 


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. In 2008, NCC had sales of slightly more than SEK 57 billion, with
20,000 employees. NCC Property Development develops and sells commercial
properties in defined growth markets in the Nordic and Baltic regions.