News : Christian Hermelin

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Christian Hermelin, VD Fabege
 

Increased income and continued value growth  -  Christian Hermelin, CEO of Fabeg...

4/23/2013 1:02 AM EST  -   Fabege
“Rental income rose to SEK 513m (453) and profit from property management increased with 8 per cent in relation to the year-earlier period. The increase in rental income was attributable to positive net lettings and completed project properties. Once again all operational segments added to the overall earnings.

The rental market was stable at the beginning of the year and demand for modern offices in good locations...

Interim Report January–March 2013:  Increased income and continued value growth

4/23/2013 1:00 AM EST  -   Fabege

· Rental income increased to SEK 513m (453). The year-on-year change was due to growth through positive net lettings and completed projects.
· Realised and unrealised value changes amounted to SEK 299m (407) for properties and SEK 188m (220) for fixed-income derivatives.
· Profit from property management increased with 8 per cent to SEK 135m (125).
· The profit for the period before tax amounted to SEK 620m...

Strong net lettings and development laid foundation for highly favourable earnin...

2/4/2013 5:00 AM EST  -   Fabege

· Rental income increased to SEK 1,869m (1,804). The year-on-year change was due to growth through positive net lettings and completed projects.
· Realised and unrealised value changes amounted to SEK 1,576m (1,266) for properties and SEK –190m (–397) for fixed-income derivatives.
· The profit for the year before tax increased to SEK 2,032m (1,417). After-tax profit for the year amounted to SEK –88m (1,141),...

Fabege secures additional interest-rate hedges of the loan portfolio

9/7/2012 2:00 AM EST  -   Fabege
Fabege has decided to capitalise on the continued low interest-rate scenario in order to hedge the interest rates on a further SEK 2bn of the loan portfolio. The interest-rate hedges have been implemented with the help of interest-rate swaps of SEK 2bn over five and seven years, respectively, at an average interest rate of 2.03 per cent.

Following the currently implemented fixing of the interest rate, the interest...

Interim Report January–June 2012

7/6/2012 2:00 AM EST  -   Fabege

· Profit from property management increased to SEK 282m (270), and rental income increased to SEK 920m (894). The year-on-year change was due to growth through positive net lettings and completed projects.
· Realised and unrealised changes in value amounted to SEK 955m (591) on properties and SEK 100m (38) on interest-rate derivatives.
· After-tax profit for the period amounted to SEK -826m (656), corresponding...
Nöten, picture 1 (Reflex Arkitekter)
 

Fabege lets an additional 29,000 sqm of the Nöten property to the Swedish Tax Ag...

3/6/2012 2:30 AM EST  -   Fabege
The Swedish Tax Agency has decided to lease an additional 29,000 sqm of office space in the Nöten property block. As a result, the Tax Agency will be able to assemble its head office, its Stockholm Region and parts of its Major Companies Region under the same roof. Following the co-localisation, the Tax Agency will lease a total of 44,000 sqm, with a leasing value of SEK 81.4m, in the Nöten property block, Solna...

Interim Report January–June 2011

7/7/2011 1:00 AM EST  -   Fabege

· After-tax profit for the period improved to SEK 656m (501), corresponding to earnings per share of SEK 4.03 (3.05).
· Profit from the Property Management declined to SEK 270m (391), and rental income declined to SEK 894m (1,025) as a result of net sales of properties and higher market interest rates.
· Earnings before tax from Property Management amounted to SEK 721m (625) and from Property Development to SEK...

Fabege lets premises in Kungsholmen to Swedish Contingencies Agency

7/5/2011 2:00 AM EST  -   Fabege
Fabege has signed a six-year lease with the Swedish Contingencies Agency, which is to let premises in the Klamparen 10 property, Fleminggatan in Stockholm. The lease pertains to 5,040 sqm of office space at an annual rent of SEK 16m. Occupancy is scheduled for June 2012.

The property is currently undergoing total interior renovation in the form of a new floor plan, new surfaces and new technical installations. A...

Fabege invests SEK 400m in Arenastaden and Hammarby Sjöstad

3/31/2011 2:00 AM EST  -   Fabege
Fabege has acquired two undeveloped properties in Arenastaden. The two properties are Pyramiden 3, comprising a land area of approximately 9,200 sqm, and Signalen 3, with a land area of approximately 15,600 sqm. The sellers are Fastighets AB Granen and Estancia Fastigheter AB, respectively. Fabege will take possession of the properties on 1 April and 1 July 2011, respectively.

“Arenastaden is a high-priority...
Christian Hermelin, CEO Fabege
 

Fabege AB’s Annual Report is available on website

3/7/2011 2:00 AM EST  -   Fabege
Fabege AB’s Annual Report for 2010 is available on Fabege's website, www.fabege.se, from 7 March 2011, 8:00 am CET. Printed copies of the Annual Report will be distributed to shareholders and other registered subscribers at the earliest by 18 March 2011. Fabege AB (publ)