Fabege acquires property for SEK 0.5bn

Fabege acquires property for SEK 0.5bn

Fabege has acquired the property Getingen 15 (leasehold) at Norrtull (Sveavägen)
in central Stockholm. The seller is Linco Fastighets AB. The acquisition is
being made in the form of a company, based on a property value of SEK 520m.
Fabege will take possession of the property on 11 January 2008.

Getingen 15 comprises a total of around 23,000 sq.m of lettable space, of which
around 13,000 sq.m consists of offices.  The building contains eight floors
above ground and three levels of car-parking below. The cost of refurbishment of
the three top floors, which is currently in progress, will be borne by the
seller. 

Following the acquisition Fabege owns five properties totalling around 79,000
sq.m at Norrtull: Getingen 13,14,15, Ormträsket 10 (Wenner-Gren Center) and
Mimer 5."The property offers interesting potential in the form of around 7,000 sq.m of
vacant space, which we regard as a great opportunity. We have been very
successful with lettings in this area in the past year," comments Christian
Hermelin, CEO of Fabege."The acquisition enables us to create an even stronger, administratively
efficient cluster in the Norrtull/Norra Station development area. The area is
about to undergo major remodelling and modernisation, and we are delighted to be
able to strengthen our market position there."

Fabege AB (publ)


For further information, please contact:
Christian Hermelin, President and CEO. tel +46 8-555 148 25, +46 733-87 18 25
Roger Johansson, Executive Vice President and CFO, Tel +46 8-555 148 13, +46
70-374 42 85
Mats Berg, Director of Communications, +46 8-555 148 20, +46 733-8718 20




Fabege AB discloses the information in this press release according to the
Swedish Securities Exchange and Clearing Operations Act and/or the Swedish
Financial Trading Act.

Fabege is one of Sweden's leading property companies and owns properties to a
book value of SEK 27.3 billion. The property stock, which is concentrated on the
Stockholm region, has a rental value on an annualised basis of SEK 2.2 billion
and lettable space of 1.4 million square metres. Fabege shares are listed on the
Stockholmsbörsen stock exchange, Large Cap segment.