Fabege sells property in Stockholm City

Fabege sells property in Stockholm City

Fabege has sold its Elefanten Mindre 1 property on Drottninggatan in Stockholm
City to AFA Sjukförsäkring. The occupancy date is 1 April 2009. The 5,000 m2
retail and office property has recently been renovated and is fully let. The
sale will result in a profit after tax of SEK 4m, which will be recognised in
the first quarter of 2009. 
“Elefanten Mindre 1 is a renovated and fully let property where the customers
will continue to be cared for by a competent and long-term property company,”
Christian Hermelin, Fabege's CEO, comments.

“We are very satisfied with this acquisition, which increases our portfolio of
well located properties in Stockholm's inner city,” Tomas Ingemarsson, Property
Director at AFA Försäkring, 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
Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80
Mats Berg, Director of Corporate Communications, phone +46 (0)8-555 148 20, +46
(0)733-87 18 20


This constitutes information that Fabege AB (publ) may be legally obliged to
publish under the Securities Market Act and/or the Financial Instruments Trading
Act. The information was released for publication at 14:00 on 24 March 2009.

Fabege AB (publ) is one of Sweden's leading property companies focusing on
commercial premises. The book value of the company's property portfolio is
approximately SEK 29.5 billion. The portfolio is concentrated to the Stockholm
region and has an annualised rental value of SEK 2.4 billion and a lettable area
of 1.5 million square metres. Fabege's shares are listed on the Stockholm Stock
Exchange, Large Cap segment.