NCC divests land in Denmark for SEK 95 million
Today, NCC divested land in Copenhagen, Denmark, to a private investor for a purchase price of approximately SEK 95 million.
NCC has owned a large area of land on Teglholmen in southern Copenhagen since 1993, which has gradually been developed with offices and housing. NCC has now sold the remaining 9,400 square meters of land, the property with title no. 176a, Kongens Enghave, with a building permit for about 15,500 square meters, to a private investor for a purchase price of approximately SEK 95 million.
The divestment will have a positive impact of about SEK 55 million on earnings in the NCC Property Development business area in the second quarter of 2017.
For further information, please contact:
Carola Lavén, Business Area Manager, NCC Property Development, tel +46 70 177 16 74
Anna Trane, Head of Corporate Media Relations, NCC +46 708 84 74 69
This is the type of information that NCC could be obligated to disclose pursuant to the EU Market Abuse Regulation. The information was issued for publication through the agency of the contact persons set out above on March 9, 2017, at 02:00 p.m. CET.
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading construction, infrastructure and property development companies in the Nordic region, with sales of SEK 53 billion and 17,000 employees in 2016. The NCC share is listed on Nasdaq Stockholm.