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NCC sells apartments to Finnish investor Sato in Saint Petersburg

NCC has sold 74 apartments in the housing project Skandi Klubb, Saint Petersburg to the Finnish residential investor and rental apartments operator, Sato-Neva Oy, to an approximate value of SEK 135 million.

The project comprises 4,182 square meters of living area plus parking and supplementary spaces in the first phase of the Skandi Klubb project in Saint Petersburg.

Transfer and earnings recognition will occur on completion in the NCC Housing business area, during the second quarter of 2016.



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