Fabege has sold the Ladugårdsgärdet 1:48 property at Värtahamnen and the Hammarby-Smedby 1:457 and 1:458 properties in Upplands Väsby to Fastpartner and sold the Grönlandet Södra 13 property in Norrmalm to a private company.

The Ladugårdsgärdet property comprises approximately 38,000 sqm of lettable area and its largest tenant is the Nasdaq OMX Stockholm. The Hammarby-Smedby property comprises approximately 16,700 sqm of lettable area and its largest tenant is Siemens. The Grönlandet property comprises approximately 8,200 sqm of lettable area and the buyer will use it for proprietary operations.

All of the sales will occur in the form of companies with a total underlying property value of approximately SEK 1,942m and will yield a combined profit of SEK 102m before tax and SEK 271m after tax. The profit will be recognised during the fourth quarter. “We have taken advantage of the favourable transactions market and sold non-priority and vacant properties at a healthy gain. This creates conditions for more value-generating projects, which is fully in line with our business model,” comments Klaus Hansen Vikström, Deputy CEO and Director of Business Development at Fabege.

Fabege AB (publ)