NCC sells office projects for EUR 73 mln

Sweden's NCC Property Development has sold an office project in Oslo to Aberdeen Eiendom Holding II for approximately SEK 664 million (EUR 73 mln). The Lysaker Torg 45 office project comprises 16,250 m[sup]2[/sup] of office space over seven storeys, 625 m[sup]2[/sup] of storage space and 309 parking spaces. The takeover date has been set at December 2006 and NCC said the transaction will have no impact on earnings in 2006. Approximately SEK 414 mln of the purchase price will be received during the fourth quarter of 2006, with the remaining portions received during the course of the construction. The property is due for completion by the autumn of 2008.

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