Article: Swedish NCC sells property in Gothenburg for EUR 11.5m.

(ADPnews) - Sep 23, 2009 - Swedish construction group NCC AB (STO:NCC B) said today it had sold its share in the Ullevi Park 1 development project in Gothenburg to local real estate company Vasakronan for SEK 116 million (USD 17.1m/EUR 11.5m).

The transaction is being carried out in the form of a sale of a company. It is expected to have a positive effect on NCC's fourth-quarter earnings.

Ullevi Park 1 is a 16,500 sq m (177,600 sq ft) office building, which is fully leased. It was developed by a company jointly owned ...

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