Fabege sells 16 properties for SEK 1,350m
Fabege has divested a total of 16 properties, mainly outside of its prioritised market segments of Stockholm inner city, Solna and Hammarby Sjöstad. The buyer is Profi Fastigheter II AB and purchase price is SEK 1,350m. The transfer of ownership will take place on 12 January 2011.
The properties comprise a total floor area of slightly more than 110,000 sqm, consisting primarily of office, warehouse and industrial space.
The sale generates an initial after-tax gain of SEK 70m, which will be recognised as profit during the fourth quarter of 2010.
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