Fabege sells Lagern 4 in Solna

Fabege has divested the Lagern 4 property in Solna to one of Pareto's newly formed companies. The sale is being made in the form of a company, with an underlying property value of SEK 268m after deduction of deferred tax, and provides a pre-tax profit of approximately SEK 5m, which will be reported as an unrealized change in value in the third quarter.

The property is located at the address Parkvägen 4, in Solna. The property has a building on it that previously contained offices and has now been converted into a school, preschool and home for handicapped people, and the tenant is the municipality Solna stad. Råsunda Central School, which the new school will be called, will open at the start of the 2018 autumn term.

Occupation of the property will take place in the fourth quarter of 2018.

         “Due to our focus on offices, it is a natural step to divest this school property now that it has been completed and is about to open. The property is fully leased and provides no further development potential for Fabege. We are convinced that Pareto previously acquired and today manages this type of community properties will be a good landlord,” comments Klaus Hansen Vikström, Vice President and Director of Business Development at Fabege.

Fabege AB (publ)  

For further information, please contact:

Christian Hermelin, President and CEO of Fabege, phone 46 (0)8-555 148 25, 46 (0)733-87 18 25 
Klaus Hansen Vikström, Vice President and Director of Business Development, tel. +46 (0)8-555 148 74, +46 (0)70-239 34 81
Åsa Bergström, Vice President and CFO, phone 46 (0)8-555 148 29, 46 (0)706-66 13 80

Fabege is 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. For more information,  www.fabege.com

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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.

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Due to our focus on offices, it is a natural step to divest this school property now that it has been completed and is about to open. The property is fully leased and provides no further development potential for Fabege. We are convinced that Pareto previously acquired and today manages this type of community properties will be a good landlord.
Klaus Hansen Vikström, Vice President and Director of Business Development at Fabege