Fabege sells office property in central Stockholm

Fabege has divested the leasehold for the property Orgelpipan 4 in central Stockholm. The buyer is Axfast AB, and the purchase price amounts to SEK 230m. The property comprises about 4,550 square metres and consists of an office building with retail premises on the ground floor. Transfer to the buyer will take place on 30 June 2010.

The sale will result in a capital gain of SEK 29m after tax, which will be recognised in the second quarter of 2010.

“The property is in a development phase, and we choose to focus on investments in leaseholds in
our larger development projects,” comments Christian Hermelin, President of Fabege.

Fabege AB (publ)

21 Jun 2010 9:20 AM

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