Fabege acquires property on Skeppsbron in Stockholm

Fabege today acquired the property Aeolus 1, in the Skeppsbron-Slottsbacken-Österlånggatan block in Gamla Stan [Old Town], for SEK 340m. The seller is Humlegården, and Fabege will be taking possession today, 15 February. The total lettable area is 6,645 m2, chiefly comprising offices. The property is totally let and in very good condition. The purchase price is equivalent to a direct yield of about 5.5 per cent. "We are very glad about being able to acquire a prime property such as Aeolus 1, in an excellent location on Skeppsbron, with the royal castle as its immediate neighbour," says Erik Paulsson, Fabege's CEO. Fabege AB (publ)

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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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