Fabege sells property in Östermalm to Stadsrum
Fabege has signed an agreement with Stadsrum Fastigheter for the sale of the Ynglingen 10 property in Östermalm, Stockholm. The sale is being made via companies for an underlying property value of SEK 960m before deductions for deferred tax.After making deductions for sales costs and deferred tax, the transaction results in a recognised gain of SEK -36.8m before tax and SEK 91.5m after reversal of deferred tax. This will be recognised on the completion date. Payment will be made in cash on the completion date. The property will be taken over by the buyer in early March. The property