Fabege sells housing project at a profit of SEK 60m

Fabege has developed parts of the property Luma 1 in Hammarby Sjöstad for conversion to housing. After receiving building permits, Fabege has now sold off the housing project, with a total of 6,000 sq.m of floor space, for SEK 135m. The sale will result in an after-tax gain of SEK 60m, which will be reported during the fourth quarter of 2007. The purchaser, Oscar Properties, will take possession when subdivision of Luma 1 is completed, with an expected moving-in date of 15 February 2008.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, tel +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, CFO, tel +46 (0)8-555 148 29, +46 (0)70-666 13 80
Mats Berg, Director of Communications, +46 (0)8-555 148 20, +46 (0)733-8718 20

Fabege AB discloses the information in this press release according to the Swedish Securities Exchange and Clearing Operations Act and/or the Swedish Financial Trading Act.

21 Dec 2007 11:07 AM

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