Fabege signs SEK 1,2 billion deal with Vattenfall
Today, Vattenfall has signed an agreement with Fabege concerning the leasing of around 43,000 sq m new offices, plus garage and parking spaces, at Arenastaden in Solna. Vattenfall Norden, including its business areas, will move into a new office building to be constructed adjacent to Swedbank Arena and Mall of Scandinavia. The construction is estimated to start during 2009, once the planning process has been completed.
Apart from modern, flexible office space with 2,000 workstations, the property is to accommodate garage spaces, a restaurant, auditorium, exercise rooms and exhibition area. Environmental and energy requirements have been given high priority and the building will have a lower energy consumption than that required by the EU's "Green Building" energy classification through, for example, solar and wind power.
The contract will run for 12 years with an annual rental value of around SEK 100m. The total project cost amounts to SEK 1,150m, and financing is secured. Vattenfall Norden’s new office building is expected to be finalized during the 3rd quarter of 2012.
“Vattenfall Norden’s decision to locate their new office at one of our properties at Arenastaden in Solna is a strong confirmation of the area's growing appeal”, comments Christian Hermelin, CEO of Fabege.
“Vattenfall Norden have had a clear vision for their new office and it is very pleasing that we have been able to satisfy the company’s high specifications for factors such as flexibility, environmental and cost efficiency, and communications,” Christian Hermelin continues.
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 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 14:00 on 14 January 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 30.2 billion. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.4 billion and a lettable area of 1.5 million square metres. Fabege’s shares are listed on the Stockholm Stock Exchange, Large Cap segment.
