Fabege divests industrial premises in Spånga, Stockholm

Fabege has divested the Ferdinand 9 property in Spånga, Stockholm. The purchaser is KF Fastigheter AB and the purchase consideration amounts to SEK 31.8m. The property comprises approximately 4,700 sqm of warehouse and industrial premises. The purchaser will take possession of the premises on 1 October 2010.

“Looking ahead, the property has major potential to be developed for commercial purposes,” says Bernt-Olof Gustavsson, CEO of KF Fastigheter.

The sale will generate an after-tax gain of SEK 5m, which will be recognised in profit during the third quarter of 2010.

“This sale is in line with our strategy of divesting properties that are outside our prioritised markets,” says Christian Hermelin, CEO of Fabege.

Fabege AB (publ)

16 Sep 2010 6:00 AM

For more information

Download press release (pdf)