Fabege has sold ten properties for a total of SEK 2.9 billion to Niam
Fond 3. The sale includes eight properties in Marievik and two in Kista.
Niam is taking possession of the properties on 1 September 2005.
At the same time Fabege has acquired nine properties from Whitehall
Funds for a total of SEK 1.2 billion. The properties are located in
Stockholm city centre, Solna, Farsta and Skarpnäck. Fabege is taking
possession of the properties on 1 September 2005.
In addition a settlement has been made with Whitehall regarding the
agreements made at the time of Niam Fond 3’s acquisition of 31
properties from Drott in July 2003. The settlement means that a seller's
promissory note for SEK 292 million is being redeemed and that Fabege is
honouring the rental guarantee and regulating other undertakings towards
Whitehall, which means a total of about SEK 225 million.
All in all, the sales and the deal with Whitehall do not have any effect
on the result.
Fabege AB (publ)
For further information:
Erik Paulsson, President and CEO, phone +46-8-555 148 18, +46-733-87 18
18
Olle Knaust, deputy CEO and CFO, phone +46-8-555 148 10, +46-733-87 18
10
Mats Berg, Communications Manager, phone +46-8-555 148 20, +46-733-87 18
20
Properties sold
Property Area Category Space, sq m
Färöarna 1 Kista Offices 58.318
Reykjavik 1 Kista Offices 31.817
Lilla Katrineberg 4 Marievik Offices 2.296
Marievik 22 Marievik Offices 4.800
Marievik 23 Marievik Offices 16.992
Marievik 25 Marievik Offices 10.712
Marievik 26 Marievik Offices 23.895
Marievik 27 Marievik Offices 11.500
Marievik 29 Marievik Garage
Marievik 30 Marievik Garage, warehouse 22
Properties acquired
Property Area Category Space, sq m
Gräddö 2 och 4 Farsta Office 14.426
Hangaren 1 Skarpnäck Offices, warehouse 10.810
Fenix 1 Norrmalm Offices 3.648
Signalen 1 Södermalm Offices 3.318
Ynglingen 10 Östermalm Offices 11.052
Stigbygeln 5 Solna Offices 7.184
Stigbygeln 6 Solna Offices 10.252
Tygeln 3 Solna Offices 2.713