Fabege welcomes a hotel unlike any other to Hammarby Sjöstad

Fabege has signed a 15-year lease with the Tastsinn Group. The lease pertains to a newly built hotel in Hammarby Sjöstad at an annual rent of slightly more than SEK 17m. The hotel will comprise 7,000 sqm of floor space and encompass 228 rooms. It is scheduled to open in the first half of 2014.

“The Tastsinn Group is already a tenant of Fabege and we have a great deal of faith in its new concept of efficient hotels offering quality design and competitive prices to customers. We will also be giving Hammarby Sjöstad an esthetically pleasing building that adds service and a new meeting place to the area,” says Urban Sjölund, Director of Properties at Fabege.

“We are pleased to be able to launch a new budget-hotel concept in partnership with a strong property owner,” says Uwe Löffler, CEO of Tastsinn.

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
Urban Sjölund, Director of Properties, phone 46 (0)8 555 148 50, 46 (0)73 387 18 50
Uwe Löffler, CEO, Tastsinn, phone 46 (0)70 811 49 72

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  4:00 pm CET on 8 December 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 28.7bn. 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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