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2016-05-19

NCC: NCC to upgrade "Million Programme" housing in Fittja

NCC will renovate "Million Programme" housing in Fittja, a suburb
south of Stockholm, in cooperation with Botkyrkabyggen. The area will
be upgraded based on the residents' need for an attractive and safe
living environment. Valued at approximately SEK 1 billion, the
framework agreement will extend over a six to eight-year period.

Sweden's public utility housing stock is currently facing a major
refurbishment challenge with thousands of apartments in need of
upgrading throughout the country. NCC's strategic framework agreement
with Botkyrkabyggen includes refurbishing an area comprising 1,300
housing units in Fittja in the municipality of Botkyrka.

A key issue in connection with the refurbishments is to weigh the
measures against the impact on rent for those already living in the
area.

"NCC subscribes to a concept called Sustainable refurbishment
(http://www.ncc.se/produkter-och-tjanster/hallbar-renovering/). This
means that we use civic participation to create socially and
environmentally sustainable residential environments while taking
considerable consideration to the financial parameters for those
living in the area," says Henrik Landelius, Head of NCC Building
Sweden.

For Fittja, it is a question of redeveloping the entire residential
area and not just refurbishing the buildings.

"We intend to preserve and reshape what was good when the area was
built. For instance, it is better for the environment and the wallet
if we preserve good material and renovate kitchens. We will also make
the spaces between the building more attractive and safer," says
Henrik Landelius.

The cooperation with Botkyrkabyggen will take the form of what is
known as strategic partnering
(http://www.ncc.se/produkter-och-tjanster/partnering/), a long-term
cooperative format, where the participating companies carry out an
assignment in close cooperation with the best of the project always
in mind.

"Being able to take experiences from one project and use them in the
next one, with the same contractor and sometimes even the exact same
employees, is invaluable. We will increase capacity and gain
potential for increased efficiency," says Ulf Nykvist, CEO of AB
Botkyrkabyggen.

For NCC, the agreement with Botkyrkabyggen is strategically important
since NCC has a pronounced ambition to expand in refurbishment of the
"Million Programme". The first assignment for Botkyrkabyggen involves
renovating two residential buildings, with an order value of
approximately SEK 100 million, to be registered among orders during
the fourth quarter in NCC Building.

For further information, please contact:

Fredrik Elmgren, Business Manager, NCC Construction Sweden; + 46 72
550 07 40

Ulf Nyqvist, CEO, Botkyrkabyggen +46 8 530 693 00

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

NCC's media line +46 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 19, at 07.30 a.m. (CET).

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/ncc-to-upgrade--million-programme--housing-...
http://mb.cision.com/Main/197/2012168/517511.pdf

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