Fabege invests SEK 400m in Arenastaden and Hammarby Sjöstad
Fabege has acquired two undeveloped properties in Arenastaden. The two properties are Pyramiden 3, comprising a land area of approximately 9,200 sqm, and Signalen 3, with a land area of approximately 15,600 sqm. The sellers are Fastighets AB Granen and Estancia Fastigheter AB, respectively. Fabege will take possession of the properties on 1 April and 1 July 2011, respectively.
“Arenastaden is a high-priority development area for Fabege. We are now safeguarding our capacity to continue to offer large integrated and attractive office premises to our customers,” says Klaus Hansen Vikström, Director of Business Development at Fabege.
To further boost the attractiveness of Hammarby Sjöstad’s landmark, the Luma factory, Fabege has decided to implement an investment project.
“Luma is an incredibly inspirational building that we are now upgrading to maintain its position as Hammarby Sjöstad’s most attractive office workplace,” says Urban Sjölund, Director of Properties 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
Annette Kaunitz, Director of Communications, phone 46 (0)8-555 148 20, 46 (0)70-839 03 37
Klaus Hansen Vikström, Director of Business Development, phone +46 (0)8-555 148 74, +46 (0)70-239 34 81
Urban Sjölund, Director of Properties, phone +46 (0)8-555 148 50, +46 (0)73-387 18 50
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 08:00 am CET on 31 March 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 27.0bn. 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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