Fabege leases out over 7,000 square meters in Kista

Fabege leases out over 7,000 square meters in Kista Fabege has signed leases (with ENEA, among others) in Kista on a total of 7,000 square meters of office space, of which slightly over 3,000 sq. m. relates to the property Torsnäs 1, which Fabege acquired last spring. The property will be vacant at the time of closing at year-end. The rental value of the new leases is SEK 11 M per year. Thus far in 2004, Fabege has leased slightly over 37,000 sq. m. in Kista, corresponding to an estimated two thirds of all new leasing activity in this market sector. Fabege's market share in Kista is slightly over 30 percent. "We are pleased that leasing activity has begun to pick up again, especially in Kista, where Fabege has a strong position," says Fabege President Lennart Sten. "The new leases on Torsnäs are also a good example of how we create value, since it is one of our recently acquired properties in an area we feel has great potential." Fabege AB (publ) For further information, please contact: President Lennart Sten, telephone +46 8 769 30 10, +46 70 697 81 70 Head of Corporate Communications Helena Stångberg, telephone +46 8 769 30 21, +46 70 619 23 44 Fabege is a streamlined real estate company that owns and manages commercial properties in the Stockholm region. Its focus is on properties which, through improvements, development or area-specific circumstances, have the potential to contribute positively to cash flow and appreciation in value. The portfolio is concentrated in Stockholm, Kista and Marievik. The aggregate value of Fabege's property portfolio amounts to around SEK 17 billion with a total of approximately 1.3 million square meters in rentable space (Dec. 31, 2003). Fabege is one of Sweden's largest real estate companies and is listed on the Stockholm Stock Exchange's O-list. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/08/19/20040819BIT00030/wkr0001.pdf

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