Fabege makes property deals for SEK 2.3bn

Fabege makes property deals for SEK 2.3bn

Fabege has signed an agreement with Niam on the acquisition of the properties
Trängkåren 7 (DN-huset) in Marieberg on Kungsholmen and Grönlandet Södra 13 in
Norrmalm. The acquisitions are being made through companies at an aggregate
property value of SEK 2,013m. Fabege will take possession of the properties on 4
December.
Trängkåren 7/DN-huset comprises around 56,000 sq.m of lettable space, of which
47,000 sq.m is offices and 9,000 sq.m warehousing and other space. There are
also 670 parking spaces in garages comprising a total of 20,000 sq.m. The single
largest tenant is the Bonnier Group, which publishes the newspapers Dagens
Nyheter and Expressen. 
Grönlandet Södra 13, on Adolf Fredriks Kyrkogata in Norrmalm, comprises around
8,000 sq.m of lettable space, principally offices. The property is entirely let
to the Swedish Social Insurance Agency. 

In another deal, Fabege has sold the land property Marievik 31 to JM for SEK
295m. JM will take possession of the property on 6 December. The sale will have
no impact on results, based on a property valuation as at 30 September 2007.
“These deals are in line with our business model of optimising our total return
- the yield and the increase in value - and focusing on a number of priority
sub-markets. The properties we are acquiring will fit well into our portfolio in
Stockholm's inner city”, Christian Hermelin, Fabege's CEO, says.

Fabege AB (publ)


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.

For further information, please contact:
Christian Hermelin, CEO. tel +46 8-555 148 25, +46 733-87 18 25
Mats Berg, Director of Communications and Investor Relations, +46 8-555 148 20,
+46 733-8718 20

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.