Fabege sells property in Stockholm City

Fabege has sold its Elefanten Mindre 1 property on Drottninggatan in Stockholm City to AFA Sjukförsäkring. The occupancy date is 1 April 2009. The 5,000 m2 retail and office property has recently been renovated and is fully let. The sale will result in a profit after tax of SEK 4m, which will be recognised in the first quarter of 2009.

“Elefanten Mindre 1 is a renovated and fully let property where the customers will continue to be cared for by a competent and long-term property company,” Christian Hermelin, Fabege’s CEO, comments.

“We are very satisfied with this acquisition, which increases our portfolio of well located properties in Stockholm’s inner city,” Tomas Ingemarsson, Property Director at AFA Försäkring, says.

Fabege AB (publ)

For further information, please contact:

Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25

Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80

Mats Berg, Director of Corporate Communications, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 14:00 on 24 March 2009.

24 Mar 2009 2:05 PM

For more information