Fabege sells Harpan 51 property

Fabege has sold its Harpan 51 property on Gumhornsgatan/Linnégatan in Stockholm for SEK 142m. The buyer is Fastighets AB Kannan and the property is being sold as a company. The 4,660 m2 property mainly comprises theatre premises and residential space.

The occupancy date is 3 March 2010. The sale will result in a profit after tax of SEK 14m, which will be recognised in the first quarter of 2010.

“It’s an anomalous property for Fabege, so this sale is yet another step in our drive to concentrate our portfolio,” Christian Hermelin, Fabege’s CEO, says.

Fabege AB (publ)

For further information, please contact:

Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25

Åsa Bergström, Executive Vice President and CFO, phone +46 (0)8-555 148 29, +46 (0)706-66 13 80

Annette Kaunitz, Head of Corporate Communications, phone +46 (0)8-555 148 20, +46 (0)708-390 337

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 08:45 am CET on 9 February 2010.

Fabege AB (publ) is one of Sweden’s leading property companies focusing on commercial premises. The book value of the company’s property portfolio is approximately SEK 29.2bn. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.4m m2. Fabege’s shares are listed on the Nasdaq OMX Stockholm, Large Cap segment.

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