Fabege sells in Nacka and Västberga

Fabege has sold its Sicklaön 145:20 property in Nacka to Järla Marknad AB for a consideration of SEK 50m and its Elektra 20 leasehold to Fastighets AB TESST for SEK 7m. Sicklaön 145:20 comprises a lettable floor area of 3,300 m2. The Electra 20 leasehold property is undeveloped and has a floor area of 3,870 m2.

The sale will result in a profit after tax of SEK 5m, which will be recognised in the fourth quarter of 2009.

“The sale fits in with our ambition to concentrate our property portfolio to a few select sub-markets,” Christian Hermelin, Fabege’s CEO, says.

Fabege AB (publ)

29 Dec 2009 11:30 AM

For more information

For further information, please contact:

Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25

Åsa Bergström, Executive Vice President and CFO, phone +46 (0)8-555 148 29, +46 (0)706-66 13 80

Annette Kaunitz, Head of Corporate Communications, phone +46 (0)8-555 148 20, +46 (0)708-390 337

Download press release (pdf)