Over the course of the year, Fabege’s Head of Urban and Property Development, Head of HR and Head of Communication have been co-opted members of the Executive Management Team. Their roles have now been made permanent, and as of 1 January, Fabege’s Executive Management Team has a total of nine members.
Fabege has achieved an important milestone in its sustainability work as all of the company’s loan agreements are now green. Therefore, Fabege is first among the Swedish property companies to exclusively choose green financing.
Hotel Giò wins the Solna Urban Environment Prize 2020
The distinguished Hagahuset building in Solna, which is owned by Fabege, houses Hotel Giò – a hotel and restaurant which takes its inspiration from Italy. The hotel opened during the spring of 2020 and today, as one of three finalists, it was awarded the Solna Urban Environment Prize 2020.
Fabege named by GRESB as global leader in sustainability in 2020
GRESB (Global Real Estate Sustainability Benchmark) produces an annual ranking of the property sector from a sustainability perspective. In this year's survey, Fabege achieved 93 points, which means that the company is ranked as sector leader in the Office sector among listed real estate companies. The companies surveyed represent more than USD 5.3 billion in assets under management, and GRESB's data is used by more than 100 institutional and financial investors to monitor investments and navigate the strategic choices required for the industry to transition to a long-term sustainable future.
Fabege AB (publ) has started the share buy-back programme approved by the Annual General Meeting on 2 April 2020. The AGM authorised the Board for a period no later than the next AGM to acquire Fabege shares. The shares acquired may not exceed 10 per cent of the total number of outstanding Fabege shares at any time.
The third quarter was characterised by a continued uncertain rental market, a strong recovery in the capital markets and a more positive view of property valuations. Fabege reported stable rental income and positive changes in value both in the quarter and for the entire period.
Electrolux Professional to move to Glädjen at Hornsbergs strand
Electrolux Professional has signed an agreement with Fabege to move to Franzéngatan 6 and the Glädjen district. Its new Group headquarters is now being created, a large showroom for a wide selection of products and demonstration kitchens for training. In total, the company is renting 1,300 sqm and is expected to move to the premises in June 2021.
Arenastaden has gained a playful and colourful addition in the form of a new Pep Park. At Arenatorget, a stone’s throw from both Friends Arena and Westfield Mall of Scandinavia, Fabege together with Generation Pep and the City of Solna has built the new park, which will inspire children and young people to be more active.
Fabege granted land allocation permit in Hammarby Sjöstad by the City of Stockholm
Fabege and the City of Stockholm have agreed on the granting of a land allocation permit for Hammarby Fabriksväg (Korphoppet 5) which covers up to 33,000 sqm GFA of office space and other business premises. This forms part of the city’s project to connect Hammarbyhöjden and Hammarby Sjöstad. Today, Fabege is the leaseholder of the Korphoppet 5 property.