NCC sells share of Finnish project company to Citycon


NCC has sold its share of the Matinkylä Shopping Center project in Espoo,
Finland, to its business partner Citycon. The purchase price for NCC’s portion
of the jointly owned project company is approximately SEK 750 M.
The project includes extensions to the already established Iso Omena Shopping
Centre and to the new Matinkylä Metro Center, comprising approximately 25,400
square meters of leasable retail space and about 600 parking spaces.

On the transaction date, the leasing rate was above 90 percent. Although leasing
has proved successful in a difficult market, the project company needed to
invest more than normal to satisfy its tenants’ requirements.

“This successful project demonstrates how our partnership with Citycon has
enabled productive urban development, and is testament to how effective
collaboration with such stakeholders as the City of Espoo and Länsimetro has
generated added value for all parties,” says Carola Lavén, Business Area
Manager, NCC Property Development.

With the new extension, Iso Omena will become one of Finland’s largest shopping
centers. In cooperation with the City of Espoo and Länsimetro, NCC has also
constructed a new bus terminal and commuter parking adjacent to the shopping
center, which are planned to open when the new metro line is expected to become
operational in January 2017.

“We are pleased to have completed this significant and complicated development
project in partnership with NCC. For Citycon, Iso Omena has represented an
investment in a first-class shopping center in a growing urban area in the
metropolitan region. We have found this type of partnership with NCC to be very
rewarding and are also looking forward to the opening of our next joint shopping
centre project – the Mölndal Galleria in Gothenburg,” says Nils Styf, Chief
Investment Officer at Citycon.

The new extension to the Iso Omena Shopping Center, with more than 60 new
stores, will be inaugurated on August 11. H&M, Gina Tricot and Brothers are some
of the new stores that will open, and the shopping center will also receive
several new restaurants and a new library.

Earlier this year, the extension received a Platinum rating in the LEED® global
certification system. Platinum is the highest-possible environmental
classification, and means that the property exhibits outstanding energy,
material and water efficiency and excellent indoor environmental quality.

The project is now complete and Citycon acquired NCC’s share of the project
company on August 10. The sale will have a positive impact on earnings in the
NCC Property Development business area in the third quarter of 2016.
For further information, please contact:

Carola Lavén, Business Area Manager, NCC Property Development, +46 (0)8 585 516
74
Mika Soini, Country Manager, NCC Property Development Finland, tel. +358 10 507
8711

Anna Trane, Head of Corporate Media relations, NCC +46 708 84 74 69

NCC’s media line +46 8 585 519 00 or press@ncc.se
This is the type of information that NCC could be obligated to disclose pursuant
to the EU Market Abuse Regulation. The information was provided by the above
contact persons for publication on August 10, 2016 at 11:30 CET.

About NCC. Our vision is to renew our industry and provide superior sustainable
solutions. NCC is one of the leading companies in construction, property
development and infrastructure in Northern Europe, with sales, excluding Bonava,
of SEK 53 billion and 16,000 employees in 2015.

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