NCC to Refurbish Sergelhuset for Vasakronan

Sweden Sweden — NCC has been commissioned by Vasakronan to refurbish part of the Hästskon 12 property block, also known as Sergelhuset, converting it from office space to a hotel and apartments. The assignment is a turnkey contract in the form of a partnering agreement and the order is worth EUR 56M.

NCC Starts the Development in Solna

Sweden Sweden — NCC is now initiating preparatory work for the development of a new, sustainable and attractive city district in the Municipality of Solna. The plan is to initially commence work on two office projects in prime locations in Järva Krog.

New Head of NCC Property Development Finland

Finland Finland — NCC has recruited Petri Bergström to the position as Head of Property Development Finland.

NCC Builds New Hospital in Herning

Denmark Denmark — Region Midt and NCC have signed a deal regarding the construction of the main building of Gødstrup hospital in Herning. The main building is the third stage of the hospital construction, also known as The New Hospital in the West, DNV Gødstrup.

NCC Divests Land in Copenhagen

Denmark Denmark — NCC has divested land in Copenhagen to a private investor for a price of approximately EUR 10M.

NCC to Expand Hospital in Jönköping

Sweden Sweden — NCC has been commissioned to plan an expansion and modernization of the Ryhov County Hospital in partnership with Region Jönköping County. The order value is an estimated EUR 85M.

NCC to Build Office and Hotel in Malmö

Sweden Sweden — NCC has been commissioned by Skandia Fastigheter Öresund to redevelop the Davida 16 block in Malmö. The order is worth EUR 29M.

NCC Sells Aitio Business Park in Helsinki to OP-Financial Group

Finland Finland — NCC is selling Aitio Business Park in Helsinki for EUR 45M to an equity fund within OP Financial group.

NCC Builds Odense’s Highest Building

Denmark Denmark — NCC will build the 17 story high TBT Tower as a part of Odense municipality’s large-scale city development “Fra gade til By”.

NCC to Construct Residential Block in Tyresö

Sweden Sweden — In partnership with Tyresö Bostäder, NCC will construct 206 rental apartments close to the Tyresö Centrum shopping center.

NCC to Build Sustainable Housing Units in Copenhagen

Denmark Denmark — NCC and TDC Pensionskasse pension fund have signed an agreement to construct 187 housing units, a parking facility and a green area in Teglholmen in Copenhagen. The order is worth EUR 39M.

NCC to Construct Sports Arena in Oslo

Norway Norway — NCC will build the Nye Jordal Amfi sports arena in Oslo. The order is worth EUR 46M.

NCC to Develop Four Apartment Buildings in Turku

Finland Finland — NCC will develop and build four apartment buildings with approximately 200 apartments and a parking garage in Turku.

NCC to Construct Novozymes' New Campus

Denmark Denmark — NCC has been commissioned by the pharmaceutical company Novozymes to construct a modern campus – a center for biotechnology research and business development – north of Copenhagen, Denmark. The order is worth approximately MSEK 865 (EUR 89M).

Impairment Losses for NCC's Projects in Norway

Norway Norway — The management teams of the new business areas NCC Building and NCC Infrastructure have analyzed NCC’s Norwegian construction and civil engineering operations, which has resulted in the recognition of impairment losses totaling MSEK 290 (EUR 30M) in the third quarter. NCC’s operating profit for the third quarter is estimated at MSEK 503 (EUR 52M) (MSEK 720/EUR 74M) for the Group, net sales at SEK 13.6 billion (EUR 1.39 billion) (SEK 13.3bn/EUR 1.36bn) and orders received at SEK 12.6 billion (EUR 1.29 bn) (SEK 10.1bn/EUR 1.04bn).

NCC to Construct Major Office Building at Arlanda Airport

Sweden Sweden — NCC has been commissioned by Swedavia to construct Sky City Office One, a 20,000-square-meter, eight-story office building directly adjacent to Terminals 4 and 5 at Stockholm Arlanda Airport. The order is worth an estimated MSEK 460 (EUR 48.3M).

NCC Constructs Rental Units for Stångåstaden

Sweden Sweden — NCC will construct 98 new rental units in Linköping for MSEK 177 (€18.7M).

NCC Sells Share of Finnish Project Company to Citycon

Finland Finland — 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 (€79 M).

NCC to Construct Green Office Building for Fabege for Nearly €90 M

Sweden Sweden — NCC has been commissioned by Fabege AB to construct a 40,000-square meter office building next to Arenastaden in Solna, Sweden. The office building will be BREEAM Excellent certified and have ICA as the largest tenant. The order is worth SEK 830 million (nearly €90 M).

NCC to Build Rental Units for Magnolia Bostad

Sweden Sweden — NCC has been commissioned by Magnolia Bostad to build 454 rental units in central Uppsala, in the Senapsfabriken 2 property block. The order is valued at MSEK 443 (€48M).

NCC Constructs Zenit’s Final Phase in Aarhus

Denmark Denmark — NCC has started the third phase of the office project Zenit Company House in Aarhus, Denmark.

Sponda Sell Land Areas in Helsinki Metropolitan Area

Finland Finland — Property investment company Sponda Plc has sold land areas in the Vermo district of Espoo, to Etera Mutual Personal Insurance Company and Suomen Asunnot ja Tontit I Ky. The purchase price was about EUR 23.2 million.

NCC Builds Laboratory at Aarhus University

Denmark Denmark — The new building in Aarhus, Denmark, houses both laboratories for medical research and teaching. The total contract sum amounts to approximately €23 M.

NCC Sells Office Project in Stockholm for €170 M

Sweden Sweden — NCC is selling the Torsplan 2 office property in Hagastaden, Stockholm, and is simultaneously signing a contract to acquire an office property in Solna Business Park. The counterparty in the transaction is Fastighets AB Brostaden. The sale of Torsplan 2 will be carried out in the form of a company transaction at a value of approximately SEK 1.6 billion (€170 M).

NCC Plans to Distribute NCC Housing in 2016

Sweden Sweden — NCC, listed on Nasdaq Stockholm, is planning to distribute NCC Housing to shareholders in 2016 in accordance with the rules of Lex ASEA. In the event of a spin-off, NCC’s shareholders will receive shares in the new housing development company instead of cash dividends.