During the second quarter, two major project lettings were signed with
TeliaSonera and SEB, both in Arenastaden. The leases contributed to record high
net lettings, amounting to SEK 258m, for the first six months of the year. In
addition, the surplus ratio amounted to a solid 71 per cent.
Christian Hermelin, CEO of Fabege, comments on the first half of 2014:
It is gratifying that the first six months resulted in the highest net lettings
in Fabege’s history. This bodes well for continued value creation and
Arenastaden’s position as a modern and attractive workplace district is further
strengthened. I am also pleased that the transaction gains and value growth in
both the property management portfolio and project portfolio contributed to
strengthening results for the operation.
We look forward to a higher level of activity in both project operations and the
transaction market. With the prevailing favorable financial climate and combined
with healthy demand in the rental market, Fabege has all the prerequisites to be
able to deliver excellent results in 2014, with contributions from all parts of
Fabege AB (publ)
For further information, please contact:
Christian Hermelin, President and CEO of Fabege, tel: +46 (0)8-555 148 25, +46
(0)733-87 18 25
Åsa Bergström, Deputy CEO and CFO, tel: +46 (0)8-555 148 29, +46 (0)706-66 13 80
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 8:02 am CET on 4 July 2014.
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 33.3bn. The property portfolio, which
is concentrated in the Stockholm region, has an annualised rental value of SEK
2.3bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on NASDAQ OMX
Stockholm, Large Cap segment.
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