Fabege sells Planen 4, Solna

Fabege has sold the Planen 4 property in Solna to Näckström Fastigheter AB.

The property has the address Solnavägen/Bollgatan and comprises slightly more than 5,000 sqm of lettable area, mainly consisting of offices, with retail space on the ground floor. The property has been largely vacant for the past year while planning work for its conversion into a residential care facility has proceeded. Näckström Fastigheter intends to convert the vacant premises into a residential care facility.

The sale will take the form of a company divestment with an underlying property value of SEK 106m and will generate a gain of SEK 23m before tax, and SEK 20m after tax, which will be recognised during the fourth quarter of 2014.

“It has become apparent that the vacant storeys are highly suitable for residential care activities, which are in great demand in Solna, and such a conversion does not fit in with Fabege’s prioritised investments. We regard Näckström as a competent and natural buyer in connection with this type of conversion,” comments Klaus Hansen Vikström, 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 7:50 am (CET) on 27 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 33.6bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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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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