Fabege sells 16 properties for SEK 1,350m

Fabege has divested a total of 16 properties, mainly outside of its prioritised market segments of Stockholm inner city, Solna and Hammarby Sjöstad. The buyer is Profi Fastigheter II AB and purchase price is SEK 1,350m. The transfer of ownership will take place on 12 January 2011.

The properties comprise a total floor area of slightly more than 110,000 sqm, consisting primarily of office, warehouse and industrial space.

The sale generates an initial after-tax gain of SEK 70m, which will be recognised as profit during the fourth quarter of 2010.

“We are delighted to have implemented this transaction, which has freed up resources for investments in our prioritised areas. As a result, Fabege has in principle streamlined its portfolio to the Stockholm inner city market segments of Solna Business Park, Arenastaden in Solna and Hammarby Sjöstad. For the tenants in the divested properties, it is extremely satisfying to hand over the management of the properties to another very good property owner ,” says Klaus Hansen Vikström, Director of Business Development at Fabege.

Divested properties:
Bordduken 7, Brommaplan, office, etc.,
8,325 sqm
Linneduken 5, Brommaplan, office, etc., 2,608 sqm
Brandsprutan 2, Näsbypark, office, etc.,
13,270 sqm
Täby Näsbypark 73:5, Näsbypark
Domnarvet 18, Lunda, office, etc., 5,624 sqm Sicklaön 145:19, Nacka, retail, etc., 17,026 sqm
Domnarvet 36, Lunda, office, 3,790 sqm Sicklaön 145:2, Nacka, office, 2,100 sqm
Elementet 1, Ulvsunda, office/retail/warehouse,
9,530 sqm
Sjukhuset 9-10, Danderyd, industrial/warehouse,
1,410 sqm
Jollen 4, Näsbypark, office, etc., 8,291 sqm Styckjunkaren 3, Huvudsta, office, etc., 14,074 sqm
Karlsro 1, Järva, industrial/warehouse, etc.,
12,965 sqm
Veddesta 2:68, Veddesta, industrial/warehouse,
2,777 sqm
Lillsätra 3, Sätra, industrial/warehouse, 8,519 sqm


Profi owns and manages properties in Sweden’s growth regions of Stockholm, Gothenburg and Malmö. Profi’s property holdings include more than 200,000 sqm of floor space, consisting of office, commercial, residential, warehouse and industry space. Its shareholders include Swedish mail pension funds (Postens Pensionsstiftelse), The Nobel Foundation, Pensions for Government Employees (Kåpan Pensioner), The Swedish Alcohol Retail Monopoly Pensioners’ Foundation (Systembolagets Pensionsstiftelse), City of Oslo (Akershus pensionsstiftelse) and City of Trondheim (Trondheims pensionsstiftelse).

5 Dec 2010 10:00 AM

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