Fabege takes possession of Stora Frösunda 2 and Hagalund 2:2
On 28 May 2015, Fabege signed an agreement with Catena AB (publ) to acquire the project properties Stora Frösunda 2 and Hagalund 2:2 located beside the Frösundaleden highway in Solna, “Haga Norra”. The transaction was subject to approval by an extraordinary general meeting of Catena’s shareholders. Following a resolution today by Catena’s general meeting of shareholders to approve the divestment, the transaction has been completed and Fabege has taken possession of the properties.
“Our focus on city district development has been highly successful and we see excellent potential for value creation here, particularly in light of the high demand for modern buildings in locations with access to rail services. The acquisition of Haga Norra also fits well with our ambition to own a project portfolio with major potential,” says Christian Hermelin, CEO of Fabege.
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)706-66 13 80
Klaus Hansen Vikström, Deputy CEO and Director of Business Development, tel +46 8-555 148 74, +46 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 16:30 pm CET on 23 June 2015.
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 33.8bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1m sqm. Fabege’s shares are listed on NASDAQ OMX Stockholm, Large Cap segment.