Fabege has sold its Valnöten 8 property on Kungsholmstorg in Stockholm to Orvaus AB for a consideration of SEK 115m. Valnöten 8 is a 3,000 m2 mixed commercial and residential property. The buyer will take possession of the property in January 2010.
The sale will result in a profit after tax of SEK 14m, which will be recognised in the fourth quarter of 2009.
“It is good to see that activity in the property market is increasing,” Christian Hermelin, Fabege’s CEO, comments.
Fabege AB (publ)