Fabege and Birger Bostad to develop new residential properties in Haga Norra
The next step is now being taken in the development of Haga Norra in Arenastaden, Solna. Via Birger Bostad, Fabege’s wholly-owned subsidiary, construction is set to start on 285 homes in the area’s third residential neighbourhood. A mix of workplaces, housing, retail, restaurants and communal spaces creates a vibrant city district for everyone who lives in, works in and visits Haga Norra.
Fabege and the City of Solna take the next step in the development of Arenastaden
The next phase in the development of Arenastaden, in a prime location in the area, has now been made possible. The local development plan for the Cairo and Farao blocks, which has now entered legally into force, contains about 185 homes and about 77,000 sqm of GFA, equating to about 65,000 sqm of office space, all linked by vibrant and green urban spaces.
An application was made – and approved – for Fabege’s shares to receive the Nasdaq Green Equity Designation. The green share transparently discloses the company’s climate impact, with the aim being to ensure visible information for investors seeking sustainable investments.
An agreement has been made between the City of Solna, AIK Fotboll and Fabege to provide AIK Fotboll with a new base in its home municipality of Solna. This involves a facility for the men’s team at Råstasjöns IP sports centre and a central meeting place for the entire club, including the women’s team and youth academy, at Skytteholms IP. At the same time, the City of Solna is making major investments in football activities in general in Solna.
The Swedish National Agency for Education chooses Fabege and Solna Business Park
Fabege has signed a new lease in Solna Business Park with the Swedish National Agency for Education covering 11,000 square metres, a reduction of 2,000 square metres. The agreement means that the Swedish National Agency for Education will continue to use the Fräsaren 12 property at Svetsarvägen 16. The new lease will enter into force on 1 October 2024 and last for six years.
Fabege has created a reuse hub in Solna Business Park. The reuse is scaled up by using a large physical warehouse and a digital marketplace. The aim is to create a functioning reuse market and reduce climate emissions for the property sector.
Fabege and Saab AB have signed a lease for approximately 66,000 sqm in the Nöten 4 property in Solna Strand. The agreement covers the entire property and is for over 10 years. The rental value amounts to SEK 155m excluding supplements. Occupancy is scheduled to commence in autumn 2025. The project is aiming for BREEAM In-Use certification, at the Excellent level or better.
During the period, we saw increased rental income, improved net operating income and a lower vacancy rate. Profit from property management slightly decreased mainly due to higher net interest items. Unrealised changes in value amounted to SEK -5.4bn due to higher yield requirements.
GRESB (Global Real Estate Sustainability Benchmark) produces an annual ranking of the property sector from a sustainability perspective. In this year’s assessment, Fabege achieved 93 points in the management portfolio and 98 points in the project portfolio, out of a possible 100 for each part. Fabege therefore receives the highest rating, 5 stars, and is placed in first place in the office sector among listed real estate companies in northern Europe.
The Nomination Committee consists of the following members:
· Göran Hellström, Chairman and representative for Backahill AB.
· Haavard Rønning, representative for Geveran.
· Johannes Wingborg, representative for Länsförsäkringar Funds
· Katarina Hammar, representative for Nordea Funds.
Invitation to Fabege’s presentation of the Interim Report Jan-Sep 202
On Thursday 19 October 2023 at 07:30 am (CET), Fabege’s Interim Report January-September 2023 will be published. Investors, analysts, journalists, and other stakeholders are invited to participate in an audiocast and teleconference at 10:30 am (CET) the same day.
Fabege has signed an agreement with Nrep to sell the properties Orgeln 7 in Sundbyberg and Glädjen 12, Stadshagen, in a transaction worth SEK 3.4bn. The properties will be taken over by the buyer in early October.
During the period, we saw increased rental income, improved net operating income and a lower vacancy rate. Net lettings amounted to SEK 22m and new leases continue to be signed at good levels. The yield requirement increased by 0.18 percentage points and unrealised changes in value amounted to SEK -3,824m.
Invitation to Fabege’s presentation of the Interim Report Jan-Jun 2023
On Friday 7 July 2023 at 07:30 am (CET), Fabege’s Interim Report January-June 2023 will be published. Investors, analysts, journalists, and other stakeholders are invited to participate in an audiocast and teleconference at 11:00 am (CET) the same day.