Fabege invests SEK 183m in Arenastaden

Fabege acquires the Farao 8 property from Sireo Immobilienfonds, Luxembourg. The rental value amounts to SEK 15m and the occupancy rate to 30 per cent on the date of acquisition. Possession takes place on 24 November 2011.

The property, which is located on Dalvägen in Arenastaden, is a modern structure built in 2001. It comprises five storeys above ground and a two-storey underground parking garage. The total area is slightly under 10,000 sqm.

“The acquisition of Farao 8 is yet another piece of the puzzle in place for Fabege in Arenastaden, and we can offer an extensive range of modern premises to meet increasing demand in the area. The property complements Fabege’s existing portfolio in Arenastaden,” says Klaus Hansen Vikström, Director of Business Development at Fabege.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80
Klaus Hansen Vikström, Director of Business Development, phone 46 (0)8 555 148 74, 46 (0)702 39 34 81

This constitutes information that Fabege AB (publ) may be legally obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 10:30 am CET on 24 November 2011.

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 28.7bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.1bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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