Fabege sells Päronet 8 in Solna Strand

Fabege sells Päronet 8 in Solna Strand

Fabege has divested the Päronet 8 property in Solna Strand. The
purchaser is Hamburg-based real estate investment company Union
Investment, who acquired the building for one of its institutional
property funds. The purchase consideration is SEK 555m. The
approximately 21,600 sqm building comprises office area. The purchaser
will take possession on 30 July 2010.
The sale will generate an after-tax gain of SEK 50m, which will be
recognised in profit during the second quarter of 2010.

“The sale is following Fabege´s business model, the property is fully
developed and is an attractive investment property with good tenant, and
therefore a good investment for institutional investors, ”says Christian
Hermelin, CEO of Fabege.

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, Deputy CEO and CFO, phone +46 (0)8-555 148 29, +46
(0)706-66 13 80
Annette Kaunitz, Head of Corporate Communications, phone +46 (0)8-555
148 20, +46 (0)708-39 03 37

 

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
08:15 am CET on 17 June 2010.