Fabege sells Kåkenhusen 38 in Stockholm city

Fabege sells Kåkenhusen 38 in Stockholm city

Fabege has sold the Kåkenhusen 38 property in Stockholm city to
Hufvudstaden. The property has a total lettable area of approximately
6,700 sqm in the form of office and restaurant space. The purchaser will
gain access to the property on 14 December 2011. The property will be
sold as a company and the underlying property value is SEK 477.5m. The
transaction will generate an after-tax gain of SEK 30m.

“The property is fully developed and its sale is in line with our
business model of divesting mature properties to be able to invest in
projects that can generate value,” comments Klaus Hansen Vikström,
Director of Business Development at Fabege.

 
Fabege AB (publ)

 
For further information, please contact:
Christian Hermelin, CEO, Tel: +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, CFO, Tel: +46 (0)8-555 148 29, +46 (0)70-666 13 80
Klaus Hansen Vikström, Business Development Manager, Tel: +46
(0)8-555 148 74, +46 (0)70-239 34 81

 
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
4:45 pm CET on 25 November 2011.

 
Fabege AB (publ) is one of Sweden's leading property companies focusing
mainly on letting and managing office premises and property development.
The carrying amount of the company's property portfolio is approximately
SEK 28.7bn. The portfolio is concentrated in the Stockholm region and
has an annualised rental value of SEK 2.1bn and a lettable area of 1.1m
sqm. Fabege's shares are listed on Nasdaq OMX Stockholm, Large Cap
segment.