Fabege sells property in Märsta

Fabege has divested the Märsta 15:5 property for a sales consideration of SEK 30m. The property comprises 90,000 sqm of undeveloped land. The purchaser is Sigtuna Municipality.

The purchaser will gain access as soon as the Municipal Council’s decision becomes legally effective.

The sale will generate an after-tax gain of SEK 14m, which will be recognized in profit during the second quarter of 2011.

“Owning undeveloped industrial land outside our core area is not a prioritised business for us and the transaction is fully in line with our strategy,” comments Klaus Hansen Vikström, Business Development Manager 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, Tel: 46 (0)8 555 148 74, 46 (0)70 289 34 81

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 22 June 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 27.7bn. 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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