NCC divests Finnish mall for EUR 25.4 mln

Sweden's NCC Property Development has divested the Sveitsin Portaali shopping center and a traffic service station development in Hyvinge, Finland for about SEK 230 mln (EUR 25.4 mln). NCC said the sale would generate a positive result of about SEK 40 mln (EUR 4.4 mln), which will be included in the results for the fourth quarter of 2006. The shopping center, with a total retail offering of 25,000 m2, will focus on home and interior design. It is due for completion for the Christmas season in 2007.

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