Fabege sells office property in central Stockholm

Fabege sells office property in central Stockholm

Fabege has divested the leasehold for the property Orgelpipan 4 in
central Stockholm. The buyer is Axfast AB, and the purchase price
amounts to SEK 230m. The property comprises about 4,550 square metres
and consists of an office building with retail premises on the ground
floor. Transfer to the buyer will take place on 30 June 2010. 

The sale will result in a capital gain of SEK 29m after tax, which will
be recognised in the second quarter of 2010. 

“The property is in a development phase, and we choose to focus on
investments in leaseholds in
 our larger development projects,” comments Christian Hermelin,
President 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
09:20 am CET on 21 June 2010.