Fabege in property deals for totally SEK 2.8 billion

Fabege sells 21 properties for totally SEK 2.1 billion. The divested properties are located in different parts of the county of Stockholm (see the enclosure: List of divested and acquired properties) and will result in a realised change in value of SEK 110 million. The property deals are subject to Fabege acquiring the property Klamparen 10, a property on Kungsholmen in central Stockholm, for SEK 0.7 billion in January 2006. The property comprises a total floor space of 25,224 sq. m and the largest tenant is the District Court of Stockholm. The yield for the properties sold and acquired amounts to 6 per cent. In all transactions the buyer will take possession of the properties on 1 March 2006. The deals are between Fabege and GE Real Estate Norden. Fabege AB (publ) Enclosure: List of divested and acquired properties

22 Dec 2005 3:10 PM

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