Sharp decline in vacancies in Norrtull

CA Software and Basefarm have concluded leases for a total of 1,900 m2 in the Getingen 15 property at Sveavägen 159 in the Norrtull area of Stockholm. This means that the occupancy rate has increased from 50 to 90 per cent since Fabege acquired the property in early 2008.

Wenner-Gren Center in the same area also continues to attract new tenants. Offices covering a total of 1,300 m2 have been let to Axel Johnson International, Studentconsulting and Avantime. After these lets, the occupancy rate now stands at 95 per cent. When the property was acquired in 2006 it was 35 per cent.

“Fabege owns five properties with a total lettable floor area of 77,000 m2 in the Norrtull area. Things have moved fast since we bought the properties, which at the time had very high vacancies,” Christian Hermelin, Fabege’s CEO, says.

“There has been a steady increase in interest in the Norrtull/Norra Station area, thanks to its strategic and attractive location at the gateway to the inner city. The reshaping and renewal of the area that is taking place is also helping to generate a positive attitude and trend,” Christian Hermelin adds.

Fabege AB (publ)

27 Apr 2009 2:00 PM

For more information

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 April 27, 2009.

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