Fabege adds to portfolio in central Stockholm

Fabege AB (publ) has acquired the property Kåkenhusen 38 on Norrlandsgatan in Stockholm. The acquisition price is SEK 350 million and the seller AFA Sjukförsäkringsaktiebolag. The property, which comprises 7,600 sq.m, was fully renovated to a high office standard in the late 1990s and was previously the main office of OM-gruppen. The building will be vacated in the first half of 2006 and will then be let to new tenants. The acquisition strengthens Fabege’s market position further in the area around Kungsgatan and Norrlandsgatan. “Following the acquisition of Kåkenhusen 38, we now own seven properties with a total rentable area of 56,000 sq.m around Kungsgatan, which is a prioritised and very interesting market for us. Most of the properties are located in the area around Stureplan.”, Erik Paulsson, Fabege’s CEO, comments. Fabege AB (publ) For further information: Erik Paulsson, President and CEO: Tel. +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, CFO: Tel. +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, Communications Manager: Tel. +46 (0)8-555 148 20, +46 (0)733-87 18 20

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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