The company continuously analyses its portfolio to take advantage of opportunities to increase capital growth. Fabege aims to acquire properties with good growth potential, located within the company’s sub-markets. We plan to sell the properties at the right time to realise accrued value.
Location, condition and vacancies are key factors determining the growth potential of a property. A fully let property with modern and efficient premises but deemed to have limited potential for rent increases and capital growth could thus become a candidate for divestment, unless it forms a strategic part of a property cluster, for instance.
As a major player in a significant market, Fabege has built good relationships with local authorities and policy-makers as well as extensive experience and knowledge about local markets, properties, development plans and other players.This department consists of nine people*. Valuations of the properties are made by internal valuation experts as well as independent external valuation agencies.
Activities in 2010
In 2010, the goal-oriented efforts of concentrating the portfolio continued and were essentially completed. Some 54 properties were divested for a total value of SEK 4,350m. The properties that remain outside the prioritised sub-markets are individual properties and land.
Focus 2011
In 2011, efforts will focus on the acquisition opportunities for properties with development potential. Additional focus will also be placed on optimising value and visualising opportunities in the portfolio.
*per 31 December 2010