Increased income and continued value growth - Christian Hermelin, CEO of Fabege, comments on the first quarter of 2013:
“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 remains favourable. We are finding that the process leading to a signed lease takes longer. With several discussions and negotiations under way, I am hopeful about the future