Fabege has sold the Signalen 1 property at the corner of Folkungagatan/Borgmästargatan on Södermalm in Stockholm to Oscar Properties for the sum of SEK 85 million. The property covers around 3,250 sq m of office, shop and restaurant space. The purchaser will take possession in autumn 2009. The sale will result in a profit after tax of SEK 5 million, which will be reported in the first quarter of 2009.
“Signalen 1 is one of a kind in our portfolio - at the same time, Oscar Properties has been wanting to purchase the property for some time and now we have finally been able to come to an agreement on a deal which is well in line with our latest valuation," comments Christian Hermelin, CEO of Fabege.
“We are very happy to have acquired a further property on Södermalm,” says Oscar Engelbert, CEO of Oscar Properties.
Fabege AB (publ)