Fabege signs agreement with TietoEVRY regarding new Stockholm office in Arenastaden
Tieto and EVRY, who have just been given the go-ahead for their merger of two of the Nordic countries’ largest IT providers, have decided to bring together their Stockholm operations in entirely new premises. TietoEVRY have signed a lease for approximately 22,000 sqm in Fabege’s ongoing project Kvarter Poolen, which also includes Solna Municipality’s new swimming pool. They can take possession of their new premises during the first quarter of 2022.
The Swedish Work Environment Authority chooses Solna Business Park and Fabege
The Swedish Work Environment Authority, which has a mandate from the Swedish Government and Swedish Parliament to ensure that laws relating to the working environment and working hours are followed, has itself sought new premises in order to co-locate its operations in Stockholm. After a thorough process that initially involved more than 30 alternatives, newly renovated premises at Svetsarvägen 12 in Solna Business Park were chosen.
The property is a Stockholm landmark, often referred to as the Newspaper Building or Dagens Nyheter Tower. The property transaction is being completed as a corporate sale with an underlying property value of SEK 3,545 million after deductions for deferred tax. Transfer of ownership will occur on 23 January 2020.
At Fabege’s Annual General Meeting on 2 April 2019, it was decided that the Nominating Committee, whose tasks include submitting proposals to Members of the Board, would primarily comprise representatives of the four largest shareholders. The names of the Nominating Committee's members and the owners they represent are to be announced no later than six months before the AGM and are based on the known ownership immediately before the announcement.
Fabege obtains top position in global sustainability ranking
GRESB (Global Real Estate Sustainability Benchmark) conducts an annual ranking of the real estate sector from a sustainability perspective. In this year’s real estate assessment, Fabege increased by 8 points and is now ranked highest in the Northern Europe office category.
Fabege is establishing a new framework for green financing. The purpose of the framework is to create a standard for green financing that can be used in a number of Fabege’s different sources of funding. CICERO has issued a second opinion on the green framework.
Change in the management’s holding of shares in Fabege AB
Via a jointly owned share investment club, Fabege’s management together has a joint shareholding in Fabege AB. The share investment club owns a total of 234,200 shares. In accordance with the share investment club’s statutes, the joint ownership has now been dissolved and the shares have been divested.
Fabege sells Pelaren 1 in Söderstaden to KPA Pension
The sale is consistent with Fabege’s overriding strategy of divesting fully developed properties and creating new value by continuing to generate development rights in attractive growth areas in Stockholm. The property transaction is being completed as a corporate sale with an underlying property value of SEK 1,608m.
The world’s largest communication network is moving to Hammarby Sjöstad, and Fabege
Publicis Media is a global communications network that is part of the Publicis Group, the world’s largest media and communications network. It is now signing an agreement with Fabege regarding a new office in Luma. The agreement has a duration of 6 years and relates to 2,900 square metres of office space with an annual rent of SEK 10.7m.
Fabege’s Vice President, Klaus Hansen Vikström, is leaving his post at Fabege for a consultancy role as of May 2019. This is the first step in laying the foundations for a freer role in the future and means that he will reduce his direct involvement in Fabege.
Sweden’s long-term focus for Swedish energy policy, Energiöverenskommelsen (the energy policy agreement), sets a target of 50 per cent more efficient energy consumption in 2030 compared to 2005. Fabege already achieved an actual reduction in energy consumption for its entire portfolio of investment properties of 49 per cent back in 2018 and is now pressing on with its efficiency efforts.
Arenastaden at the forefront of sustainable travel
Research shows that society should halve its emissions of greenhouse gases every ten years. This is the equivalent of a reduction in emissions of at least 7 per cent per year if the world is to meet the 1.5-degree target resolved upon at the UN Climate Change Conference held in Paris in 2015. In order to prove that this is possible, Fabege has decided to continue to drive development towards sustainable travel to and from Arenastaden.
Resolution by Fabege’s Annual General Meeting on 2 April 2019
At the Annual General Meeting (AGM) of Fabege AB on 2 April 2019, the shareholders approved the Board’s proposal for 2018, a dividend of SEK 2.65 per share. The record date for payment of the dividend was set at April 4, 2019. It is expected that the dividend will be paid through Euroclear Sweden AB on 9 April 2019.
The Board of Directors of Fabege has appointed Stefan Dahlbo as the new President and CEO. He is currently President and CEO of the listed investment company Byggmästare Anders J Ahlström Holding AB and has a long and solid experience as CEO and board member of both listed and unlisted companies. These former board assignments include, for example, Fabege, Wihlborgs and Klövern. Stefan Dahlbo will assume his new role as soon as possible.