As Solna’s largest commercial property owner, Fabege is in a unique position to take part in the renewal of entire districts. Fabege owns 34 properties with a total floor space of 462,000 sqm in Solna. Today, 73 per cent of Fabege’s premises in the area are offices.
The rental value is about SEK 685m, representing 33 per cent of the company’s total rental value.
Solna Business Park
Today, Solna Business Park is virtually a fully developed district that constitutes an established business park with attractive tenants like ICA, EDB and Coop, having located their head offices here. The area has good communications with the metro, buses and the forthcoming light-rail service.
Many tenants in Solna Business Park are stable customers with long leases. The lettings ratio in the area was about 93 per cent at year-end 2010.
Arenastaden
An entirely new district is emerging around Solna Station, Arenastaden. Here, Fabege sees a big potential to create a living neighbourhood with office, retail and residential properties in an attractive environment. The area has good transport connections, with commuter trains serving a centrally located station, and many local bus services. Our ambition is to create an area with head offices for companies that, due to their size, have chosen not to establish themselves in central Stockholm. In Arenastaden, which is still in the early stages of development, Fabege’s rents are somewhat lower than in Solna Business Park. At year end 2010, the occupancy rate was 80 per cent.
Greater Solna
Fabege also owns about ten properties in other areas of Solna.
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Rental value by category, per 31 December 2010 |
Lettable area by category, per 31 December 2010 |
 |
 |
Key figures, per 31 december 2010
|
2010 |
| Number of properties |
36 |
| Market value, SEKm |
8,502 |
| Lettable area, ‘000 sqm |
494 |
| Financial occupancy rate, % |
91 |
| Remaining contract term, years |
3.9 |
| Rental value, SEKm |
735 |
Largest tenants, per 31 december 2010
|
sqm |
| ICA |
27,000 |
| Peab Sverige AB |
17,000 |
| Skatteverket |
16,000 |
| COOP |
13,000 |
| EDB Business Partner Sverige AB |
13,000 |