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2016-05-17

NCC: Bonava sells rental units in Linköping and Karlstad

NCC's subsidiary Bonava (formerly NCC Housing) is selling a total of
352 newly developed Nordic Swan ecolabelled rental units in Linköping
and Karlstad to the housing company Willhem. The sale is being
carried out in the form of a company transaction at a value of SEK
595 M.

"We are delighted to be developing new Nordic Swan ecolabelled rental
units in Karlstad and Linköping. Our goal is to deliver high-quality
residential environments with sustainable housing with various forms
of tenure. Rental units are an important and growing part of our
business," says Joachim Hallengren, CEO of Bonava.

In Linköping, 131 housing units are currently being built in Södra
Ekkällan, a popular housing area under development by NCC since 2006.
The first tenants will take up occupancy in the summer and the
project will be completed in the first quarter of 2017.

In Karlstad, 221 housing units will be built in Rudsberget. The first
tenants will take up occupancy in the first quarter of 2018 and the
project will be completed in the fourth quarter of 2018.

"This acquisition will allow us to grow in two attractive locations
where we are already a major player in the housing market, which is
positive. Newly produced rental units with an environmental profile
are a good fit with our existing portfolio and this acquisition has
further expanded our offering to the market in Karlstad and
Linköping," says Mikael Granath, CEO of Willhem.

The transaction will be recognized in profit during the first quarter
of 2017 and the fourth quarter of 2018. Bonava is responsible for
leasing and has provided the customary rental guarantees to the
buyer.

For further information, please contact:

Joachim Hallengren, CEO of Bonava +46 (0)70 088 71 33

Anna Trane, Head of Corporate Media Relations, NCC +46 (0)708 84 74 69

NCC's media line +46 (0)8 585 519 00, e-mail: press@ncc.se, NCC's
image bank (http://www.ncc.se/sv/OM-NCC/Press-och-media/Bildbank/)

This is the type of information that NCC could be obligated to
disclose pursuant to the Securities Market Act. The information was
issued for publication on May 17, at 8:00 a.m.

About NCC. Our vision is to renew our industry and provide superior
sustainable solutions. NCC is one of the leading construction,
property development and infrastructure companies in Northern Europe,
with sales of SEK 62 billion and 18,000 employees in 2015. The NCC
share is listed on Nasdaq Stockholm.

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http://news.cision.com/ncc/r/bonava-sells-rental-units-in-linkoping-and-...
http://mb.cision.com/Main/197/2010362/516508.pdf

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