Fabege sells property on Kungsholmen

Fabege has divested the Klamparen 10 property in Stockholm. The buyer is KLP Eiendom and the sale will take the form of a company divestment at an underlying property value of SEK 962m. The property comprises about 21,000 sqm of lettable area, primarily office space. The largest tenants are the Swedish National Agency for Education and the Swedish Civil Contingencies Agency.

The property is fully let except for 850 sqm of floor space that will be converted into store premises under the management of the buyer.

The buyer will take possession on 14 December 2012. The sale will generate a gain of SEK 12m before tax and SEK 33m after tax, which will be recognised during the fourth quarter of 2012.

“The property is fully developed and I am pleased that it is being sold to a professional and knowledgeable property owner,” says Klaus Hansen Vikström, Director of Business Development 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, CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80
Klaus Hansen Vikström, Director of Business Development, phone 46 (0)8-555 148 74, 46 (0)70-239 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 3.00 pm CET on 18 November 2012.

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. The carrying amount of the company’s property portfolio is approximately SEK 31.6bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.3bn and a lettable area of 1.2m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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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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