Fabege makes property deals for SEK 1.2bn

Fabege makes property deals for SEK 1.2bn

Fabege has signed an agreement with the City of Stockholm to acquire the
Apotekaren 22 block in Norrmalm for SEK 780m. This property comprises
approximately 29,000 square metres of lettable space plus approximately 3,000
square metres of car parking. In addition, Fabege is buying out the freehold of
Bocken 46 from the City of Stockholm for SEK 66m.

At the same time, the company is selling the leaseholds of Visthusboden 1, 2 and
3 in Eskede, as well as the leasehold of Orgelpipan 5 on Norrmalm to the City of
Stockholm for SEK 325m. The acquisition of Orgelpipan 5 by the City of Stockholm
guarantees implementation of a new commuter train exit to street level for the
planned Citybanan line. The deals with the City of Stockholm are conditional on
approval by the local government council.

Fabege has also disposed of Kurland 18 (Norrmalm) with 890 square metres of
lettable space for SEK 35m. The purchaser is Anders Ivarsson AB. 

The sales above produce an aggregate profit of around SEK 110m after tax, which
will be reported during the fourth quarter of 2007."The deal with the City of Stockholm strengthens our presence is what is a
priority sub-market for us. There is also interesting improvement potential at
Apotekaren 22," comments Christian Hermelin, CEO of Fabege.


Fabege AB (publ)


For further information, please contact:
Christian Hermelin, President and CEO. tel +46 8-555 148 25, +46 733-87 18 25
Roger Johansson, Executive Vice President and CFO, Tel +46 8-555 148 13, +46
70-374 42 85
Mats Berg, Director of Communications, +46 8-555 148 20, +46 733-87 18 20