NCC launches development of property project in Stockholm’s Hagastaden district

Regulatory News:

NCC (STO:NCCA) (STO:NCCB) has commenced the development of Torsplan Phase 2 in Stockholm’s Hagastaden district. The property, which comprises 26,000 square meters of floor space, is being developed for both office and retail premises. Torsplan aims to be the first Swedish building to achieve BREEAM Outstanding environmental certification.

NCC previously developed the Torsplan Phase 1 project in Hagastaden, which was sold in 2013. Construction on Phase 2 of Torsplan (http://www.ncc.se/sv/Lokaler/Kontor/kontorslokaler-torsplan-etapp2/) will begin after the summer and is scheduled for completion in late 2016.

"We saw significant demand for the premises in Phase 1 and have already received several interesting inquiries from potential tenants for Phase 2,” says Carola Lavén, Business Area Manager at NCC Property Development.

Hagastaden (http://hagastaden.se/), located between Norra Stationsgatan and Karolinska Hospital, will become a totally new city district in Stockholm with world-class research, advanced care and a combination of offices, retail activities, housing and green areas.

The property will be designated a GreenBuilding (https://www.ncc.se/Projekt-och-koncept/Grona-koncept/Green-Building/) under the EU program to reduce energy consumption and will aspire to the highest level of certification – Outstanding – under the international environmental certification system BREEAM (https://www.ncc.se/OM-NCC/Miljo-och-energi/miljoklassning-energiklassning/breeam/). This means that considerable attention will be paid to the building’s indoor environment, ecology and lifecycle, as well as energy and water consumption.

The premises are also being developed in accordance with the Future Office by NCC (http://www.ncc.se/sv/Lokaler/Kontor/Forts-Framtidens-kontor/) concept, which is a Nordic concept to create attractive and sustainable workplaces for customers.

The project is being carried out on a proprietary basis and the construction contract will be registered among orders in the NCC Construction Sweden business area during the third quarter of 2014.

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 June 24, 2014, at 2:00 p.m.

All of NCC’s press releases are available on www.ncc.se/press.

About NCC Our vision is to reshape our industry, providing superior sustainable solutions. NCC is one of the leading companies in construction, property development and infrastructure in Northern Europe, with sales of SEK 58 billion and 18,500 employees in 2013. The NCC share is listed on NASDAQ OMX Stockholm.

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