Fabege acquires Islandet 3 and sells Läraren 5 property in exchange transaction
Fabege has completed an exchange transaction with Gamla Livförsäkringsbolaget SEB Trygg Liv (publ), under which Fabege has acquired Livbolaget’s 50-per-cent interest and thus becomes the sole owner of the Islandet 3 site leasehold right, while simultaneously selling the Läraren 5 property to Livbolaget. The site leasehold right encompasses approximately 8,400 sqm of lettable floor space in the Islandet 3 which, in addition to the prestigious Centralbadet spa and restaurant, includes 5,000 sqm of office space. The acquisition takes the form of a company with an underlying property value