Press releases

Ahead of the Annual General Meeting of Fabege AB (publ) on 2 April 2020, the Nominating Committee is hereby publishing its proposal regarding the Board Chair and other Board Members. 

The Royal Swedish Opera (Operan) and the Royal Dramatic Theatre (Dramaten) have signed a lease with Fabege to relocate parts of their operations from Gäddviken in Nacka, to Flemingsberg. The lease marks the start of the next phase of Fabege’s urban development plans in Flemingsberg.

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, 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.

Fabege has received an upgraded credit rating of Baa2, with a stable outlook, from Moody’s.

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.

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.