News : Fabege

Balder to acquire three-property package from Fabege

5/17/2013 8:00 AM EST - Fabege

Fabege has divested the following properties: Skeppshandeln 1 in Hammarby Sjöstad, Murmästaren 7 on Kungsholmen and Fiskaren Större 3 on Södermalm. The buyer is Fastighets AB Balder. The divestment will take the form of the sale of companies at an underlying property value of SEK 815m.

The Skeppshandeln 1 project property is essentially fully let and is being sold while under construction, which Fabege will...

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...

Fabege divests property in Ulvsunda

3/27/2013 3:00 AM EST - Fabege

Fabege has divested the Masugnen 7 property in Ulvsunda, Stockholm. The buyer is JM. The divestment will be made in companies with an underlying property value of SEK 200m. Masugnen 7 currently comprises 11,000 sqm of commercial floor space. The property will be transferred to JM on 1 July 2013 and the buyer intends to construct housing on the property. The divestment will generate a profit after tax of SEK 93m,...

Sustainability report examined and approved by third party

3/21/2013 10:00 AM EST - Fabege

Fabege commissioned Deloitte to audit the 2012 Sustainability Report and the auditors have found that the Report complies with Level C+ of the GRI (Global Reporting Initiative) reporting requirements. Fabege conducts objective, systematic and preventive environmental work. A tangible example of the company’s sustainable efforts is the energy enhancement work implemented by the company, which combine positive...

Notice of Annual General Meeting in Fabege AB (publ)

2/13/2013 11:45 AM EST - Fabege

Shareholders of Fabege AB (publ) are hereby notified of the Annual General Meeting (AGM) to be held on Thursday, 21 March, 2013, at 3:00 pm in Aulan at Wenner Gren Center, Sveavägen 166, Stockholm, Sweden. Registration for the AGM begins at 2.15 pm.

Notice of Participation
Participation in the AGM is limited to shareholders who are both registered in the register of shareholders maintained by Euroclear Sweden AB...

Fabege issues a SEK 1,170m secured bond

2/5/2013 7:31 AM EST - Fabege

Fabege AB has today issued a SEK 1,170m bond secured on the property Solna Uarda 5 in Arenastaden. The three year bond is divided into two series, SEK 300m carries an interest of 3.70 per cent and SEK 870m carries an interest of STIBOR 3 months plus 2.15 per cent.

Fabege AB will apply for the bond to be listed on NASDAQ OMX Stockholm. The prospectus will be published on Fabege’s website www.fabege.se.

Swedbank has...

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 via jointly owned company issues new real estate bond of SEK 1,250m again...

12/18/2012 9:00 AM EST - Fabege

Visio Exploatering AB (“Visio”), a company owned jointly by Fabege and Peab, has today, via Svensk FastighetsFinansiering II AB (SFFII) as the formal loan recipient, issued a bond loan in the amount of SEK 1,250m. The bond loan is to be used for onward lending to Visio, which will in turn use the proceeds, among other purposes, to invest in the development of Arenastaden. The bond, for which Fabege and Peab will...

Fabege purchases part of Catena

11/22/2012 8:00 AM EST - Fabege

Fabege AB (publ) purchased 3,469,342 shares in Catena AB (publ) on 22 November. Fabege’s holding in Catena AB thereafter amounts to 3,469,342 shares, equivalent to 29.99 per cent of the share capital and votes.

”We can see that the area around Arenastaden will become one of the most dynamic sub-markets in the Stockholm region, with excellent prospects for strong future growth. Catena’s development rights favourably...

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