Fabege makes SEK 800 million property exchange

Fabege makes SEK 800 million property exchange

Fabege has sold Racketen 10, a property in Alvik, to Carnegie Fastigheter Sverige AB for SEK 700 million, resulting in a realised change in value before tax of SEK 60 million. Fabege will retain a small part of the property for its own project development.

Simultaneously, Fabege has acquired Planen 4 in Solna from Carnegie Fastigheter for SEK 100 million. Planen 4, a property with about 5,000 m2 of lettable space, is located in Råsunda. The property mainly comprises offices and is fully let.

The exchange will take place on 2 April."The deal with Carnegie Fastigheter is in line with our strategy of concentrating our holdings to units on our main markets that can be managed efficiently and of divesting properties outside these areas at a good profit”, Christian Hermelin, Fabege's CEO, comments


Fabege AB (publ)

For further information, please contact:
Christian Hermelin, President and CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25
Roger Johansson, CFO, phone +46 (0)8-555 148 13, +46 (0)70-374 42 85
Mats Berg, Director of Communications and Investor Relations, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20

Fabege AB (publ) is one of Sweden's leading property companies. The book value of the company's property portfolio is SEK 27.2 billion. The portfolio, which is concentrated to the Stockholm region has an annualised rental value of SEK 2.3 billion and a lettable area of 1.6 million square metres. Fabege's shares are listed on the Stockholm Stock Exchange, Large cap segment.