Major new lease creates new retail centre on Kungsholmen

Major new lease creates new retail centre on Kungsholmen

An agreement has been signed with ICA for the lease of about 10,000 m2,
including some 9,000 m2 of retail space in Paradiset 29, a former bakery
(Skogaholmsbageriet) on Kungsholmen in central Stockholm. The building is in
excellent location for transports next to the Essingeleden flyover at the
western end of Kungsholmen in Stockholm. With more than 100,000 passing vehicles
every day, the property also offers excellent advertising opportunities.

The Paradiset 29 project, which comprises 42,000 m2 of retail, office and garage
space, involves a complete redevelopment of the property. The total project cost
is around SEK 760 million. Work on letting the remaining premises is currently
under way. 

Paradiset 29 is located in the Lindhagen area at the western end of Kungsholmen,
where a major urban renewal project is planned, with 3,500 new apartments and
350,000 m2 of work space. The neighbourhood currently has 7,000 residents and
15,000 people working in the area. 300,000 people live within five minutes by
car and 400,000 within ten minutes. 

“The opportunities for a successful retail business in the property are
extremely good, and we are very happy to welcome ICA as a tenant. We will now
continue to rent out the remaining space”, Christian Hermelin, Fabege's CEO,
says.


Fabege AB (publ)

For further information, please contact:
Christian Hermelin, 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 approx. SEK 27.5 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.