Fabege acquires the Farao 8 property from Sireo Immobilienfonds, Luxembourg. The rental value amounts to SEK 15m and the occupancy rate to 30 per cent on the date of acquisition. Possession takes place on 24 November 2011.

The property, which is located on Dalvägen in Arenastaden, is a modern structure built in 2001. It comprises five storeys above ground and a two-storey underground parking garage. The total area is slightly under 10,000 sqm.

“The acquisition of Farao 8 is yet another piece of the puzzle in place for Fabege in Arenastaden, and we can offer an extensive range of modern premises to meet increasing demand in the area. The property complements Fabege’s existing portfolio in Arenastaden,” says Klaus Hansen Vikström, Director of Business Development at Fabege.

Fabege AB (publ)