Svea Ekonomi to lease Fabege property in Arenastaden

 

Fabege has signed a six-year lease agreement with Svea Ekonomi in Sjökvarteret, Arenastaden, Solna. The leases applies to 10,195 square metres of office space. The property is scheduled to be handed over at the end of 2012.

In the first phase, Fabege is developing Sjökvarteret, consisting of 25,000 square metres, which is part of the Uarda 1 property in Arenastaden . To meet the considerable demand for offices in Arenastaden, Fabege has now initiated planning of the next office building less than six months after the start of the first phase.

“Svea Ekonomi is one of several major companies and organisations that have chosen Arenastaden in a short time. Many people have recognised that Arenastaden will be an attractive option, particularly compared with the city. The attractive features include excellent communications and Arenastaden’s offering of a mixture of offices and housing in a vibrant city environment,” says Urban Sjölund, Director of Properties at Fabege.

“Moving into brand new premises in Arenastaden and being close to the new National Arena feels really exciting. We have been located in Solna since the 1980s and we enjoy it here,” says Lennart Ågren, CEO of Svea Ekonomi AB.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80
Urban Sjölund, Director of Properties, phone 46 (0)8 555 148 50, 46 (0)73 387 18 50

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 8:00 am CET on 10 October 2011.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The carrying amount of the company’s property portfolio is approximately SEK 28.2bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.1bn 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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