Elefanten 17 sold for SEK 265 million to German fund

Fabege, which is owned by Wihlborgs, has sold Elefanten 17, a property in central Stockholm, to The German property fund Oppenheim Immobilien Kapitalanlage GmbH. The sale price was SEK 265 million and will increase Wihlborgs’ profit by SEK 10 million. The profit will be reported in the fourth quarter of 2004. Elefanten 17, a 5,000 m2 office complex in central Stockholm, has been fully let to the Swedish National Labour Market Administration (Arbetsmarknadsstyrelsen) since August 2004. The transfer of ownership will take place on 1 July 2005. Wihlborgs Fastigheter AB (publ) For more information, please contact: Erik Paulsson, CEO, phone +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, Vice CEO, phone +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, Communications Manager, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20

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.

Subscribe

Documents & Links