Fabege acquires property in Järva Krog, Solna

Fabege is acquiring the property Sadelplatsen 1, Järva Krog. The transaction has a total price of SEK 172.5m. Handover will take place on June 8, 2016.   The seller is an Uppsala -based consortium, with among others Olle Olsson Holding AB as partner.

The property’s rentable area amounts to about 6,400 square meters of shop, workshop and office premises. The rental value is just over SEK 14m annually and Audi is the largest tenant who disposes about 50 percent of the property.  There is the possibility of developing additional building rights for office activities in the future.

- This transaction allows us to create the opportunity for further development in an area in close proximity to our other holdings in Solna. The property’s location means that it has the potential to become an important part of our ongoing structural measures,” says Klaus Hansen Vikström, Vice president and Director of Business Development at Fabege.

Fabege AB (publ)  

                                                                                                                     

This information is of such a nature that Fabege AB (publ) is obliged to publish it pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act.
The information was submitted for publication at the date and time stated above.

More information is available from:
Klaus Hansen Vikström, Vice president and Director of Business Development,
tel. +46(0)8-555 148 74, +46(0)70-239 34 81

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. The carrying amount of the company’s property portfolio is SEK 40.5bn. The property portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq Stockholm, Large Cap segment. For more information, visit www.fabege.se

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About Us

We are a property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege’s shares are listed on Nasdaq Stockholm, in the Large Cap segment.

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This transaction allows us to create the opportunity for further development in an area in close proximity to our other holdings in Solna. The property’s location means that it has the potential to become an important part of our ongoing structural measures.
Klaus Hansen Vikström, Vice president and Director of Business Development at Fabege