Fabege sells Huvudsta Centrum

Fabege has sold the Rovan 1 and 2 properties (Huvudsta Centrum) to Andersson Invest & Fastighets AB.

The address of the properties is Storgatan 64-78, Huvudsta (Solna). Rovan 2 contains a residential hotel comprising approximately 8,400 sqm. Rovan 1 contains a city-centre building with stores and a health centre totalling about 7,800 sqm.

The sales will take the form of the divestment of companies with an underlying property value of
SEK 340m. The transaction will generate a gain of SEK 15m before tax and SEK 2m after tax, which will be recognised during the fourth quarter of 2014.

“The transaction is a step in our efforts to focus on office properties in our prioritised areas,” comments Klaus Hansen Vikström, Deputy CEO and Director of Business Development at Fabege.

Fabege AB (publ)

For further information, please contact:

Christian Hermelin, President and CEO of Fabege, tel: +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, Deputy CEO and CFO, Tel: +46 (0)8-555 148 29, +46 (0)70-666 13 80
Klaus Hansen Vikström, Deputy CEO and Director of Business Development, tel +46 (0)8-555 148 74, +46 (0)70-239 34 81

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 08:00 am (CET) on 12 November 2014.

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. Fabege owns properties with a carrying amount of SEK 33.3bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.3bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq Stockholm, Large Cap segment.

Tags:

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