Fabege makes SEK 800 million property exchange

Fabege has sold Racketen 10, a property in Alvik, to Carnegie Fastigheter Sverige AB for SEK 700 million, resulting in a realised change in value before tax of SEK 60 million. Fabege will retain a small part of the property for its own project development.

Simultaneously, Fabege has acquired Planen 4 in Solna from Carnegie Fastigheter for SEK 100 million. Planen 4, a property with about 5,000 m2 of lettable space, is located in Råsunda. The property mainly comprises offices and is fully let.

The exchange will take place on 2 April.

"The deal with Carnegie Fastigheter is in line with our strategy of concentrating our holdings to units on our main markets that can be managed efficiently and of divesting properties outside these areas at a good profit”, Christian Hermelin, Fabege’s CEO, comments


Fabege AB (publ)

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.

Subscribe

Documents & Links