Increasing income in continued stable rental market


Christian Hermelin, CEO of Fabege, comments on the third quarter of 2013:
“Rental income increased to SEK 513m (469) and profit from property management
improved 6 per cent, year-on-year. The improvements were due to growth through
positive net lettings and completed projects.

Fabege is now creating growth through value-generating investments in the
company’s project portfolio and via value increases in the property management
portfolio, primarily due to contract signings and higher rents. Although the
rental market in Stockholm is stable, the processes are often protracted and we
have still not completed a number of the attractive processes we have under way.
However, we have time on our side, with project properties that will attract
attention in a number of ways due to, for example, prime locations, modern
flexible floor space and an advanced service concept.

I am becoming increasingly convinced of the fantastic location of Arenastaden,
just seven minutes from the city. During the quarter, transport links to
Arenastaden were further improved. The Målbron pedestrian bridge across the
railway tracks and the new stairway down to Solna Station were opened in early
October. It is gratifying to see the continuous expansion of the transport links
to and from Arenastaden and that more companies are choosing Arenastaden as
their address.”

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)70-666 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 08:02 am CET on 16 October
2013.

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 32.8bn. The portfolio is concentrated
in the Stockholm region and 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.

Pièces jointes

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