Fabege sells two properties
Fabege has sold its Adam och Eva 10 office property at the corner of Drottninggatan/Gamla Brogatan to Rodret AB for SEK 150m. The property comprises about 2,400 m2 of space and the occupancy date is 1 June 2009.
Fabege has also sold an industrial land property, Hammarby Smedby 1:470, in the municipality of Upplands Väsby to Sevan AB for SEK 10m.
The sales will result in a profit after tax of SEK 4m, which will be recognised in the second quarter of 2009.
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, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80
Mats Berg, Director of Corporate Communications, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20
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 13:30 on 4 May 2009.
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 29.4bn. 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 square metres. Fabege’s shares are listed on the Stockholm Stock Exchange, Large Cap segment.