NCC and Alfred A Palmberg Sell Property in Finland for SEK 218 Million.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Oct. 13, 2000 NCC NCC See National Clearing Corporation (NCC). Finland Finland, Finnish Suomi (swô`mē), officially Republic of Finland, republic (2005 est. pop. 5,223,000), 130,119 sq mi (337,009 sq km), N Europe. and Alfred A Palmberg Oy have concluded an agreement with Tapio Insurance Companies regarding the sale of Stella Terra in Esbo for SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 218 million, which will generate a healthy capital gain for NCC. The property will be completed during the winter of 2001. Stella Terra is Phase 4 of the Stella Business Park project in Leppavaara, Esbo, close to Helsinki. Stella Business Park is one of the international business parks under construction in what is one of Europe's most expansive IT and telecom regions. Stella Terra has 12,000 square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas of floor space, plus an indoor car park with 290 parking spaces. The property is fully leased, mainly to growth companies active in the IT, telecom and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the services sectors. Stella Terra will be completed during February 2001. The project is being implemented in cooperation with Alfred A Palmberg Oy. Stella Business Park, which is being built in cooperation with Alfred A Palmberg Oy, comprises four office buildings containing a total of 26,000 square meters of floor space, plus two indoor car parks with a total of 740 parking spaces. It will accommodate approximately 45 companies, providing workplaces for about 1,200 people. "This is in line with our strategy of offering investors development projects in expanding markets in the Nordic region," says Magnus Mannesson, President of NCC Real Estate. The sale will be included in NCC Real Estate's fourth-quarter earnings, in the real estate development category. All NCC:s pressreleases can be found on www.ncc.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/10/13/20001013BIT00480/bit0001.doc http://www.bit.se/bitonline/2000/10/13/20001013BIT00480/bit0002.pdf |
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