Fabege sells property holding to part-owned company

Fabege sells property holding to part-owned company

Fabege is, together with Peab and Brinova, forming a new residential property
company, Tornet AB, which will own and develop rental apartments.

The company will develop and manage existing properties and will also build new
rental properties in municipalities where there is currently a shortage of
housing, primarily in the Stockholm, Mälaren Valley, Gothenburg and Öresund
regions. Peab and Fabege will hold 45 per cent each in Tornet and Brinova 10 per
cent.

Under the terms of the deal, Fabege will exchange residential properties in
Tensta/Rinkeby outside Stockholm for a 45 per cent stake in Tornet AB in January
2010. The properties have a total residential floor space of about 93,000 m2 in
the form of rental apartments worth an estimated SEK 600m. 

“We see the deal as one more step in our ambition to focus our commercial
portfolio. It will enable us to devote even more attention to our core business
and to do what we are really good at,” Christian Hermelin, Fabege's CEO, says.
“The new residential property company will have a volume and a focus that put it
in an even stronger position to successfully develop its residential portfolio.
It is an excellent solution for all parties,” Christian Hermelin adds. 

Fabege AB (publ)

For further information, please contact: 
Christian Hermelin, CEO of Fabege, 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)706-66 13
80
Annette Kaunitz, Director of Communications, phone +46 (0)8-555 148 20, +46
(0)708-390 337



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 8:35 am on 20 November
2009.


Fabege AB (publ) is one of Sweden's leading property companies focusing on
commercial premises. The book value of the company's property portfolio is
approximately SEK 29.5bn. The portfolio is concentrated to the Stockholm region
and has an annualised rental value of SEK 2.4bn and a lettable area of 1.4m
square metres. Fabege's shares are listed on the Stockholm Stock Exchange, Large
Cap segment.