Fabege divests industrial premises in Spånga, Stockholm

Fabege has divested the Ferdinand 9 property in Spånga, Stockholm. The purchaser is KF Fastigheter AB and the purchase consideration amounts to SEK 31.8m. The property comprises approximately 4,700 sqm of warehouse and industrial premises. The purchaser will take possession of the premises on 1 October 2010.

 “Looking ahead, the property has major potential to be developed for commercial purposes,” says Bernt-Olof Gustavsson, CEO of KF Fastigheter.

The sale will generate an after-tax gain of SEK 5m, which will be recognised in profit during the third quarter of 2010.

“This sale is in line with our strategy of divesting properties that are outside our prioritised markets,” says Christian Hermelin, CEO of Fabege.

 Fabege AB (publ)

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 06:00 am CET on 16 September 2010.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The carrying amount of the company’s property portfolio is approximately SEK 27.8bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1.3m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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