Fabege has sold the Kåkenhusen 38 property in Stockholm city to Hufvudstaden. The property has a total lettable area of approximately 6,700 sqm in the form of office and restaurant space. The purchaser will gain access to the property on 14 December 2011. The property will be sold as a company and the underlying property value is SEK 477.5m. The transaction will generate an after-tax gain of SEK 30m.
“The property is fully developed and its sale is in line with our business model of divesting mature properties to be able to invest in projects that can generate value,” comments Klaus Hansen Vikström, Director of Business Development at Fabege.
Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, Tel: +46 (0)8-555 148 25, +46 (0)733-87 18 25
Åsa Bergström, CFO, Tel: +46 (0)8-555148 29, +46 (0)70-666 13 80
Klaus Hansen Vikström, Business Development Manager, Tel: +46 (0)8-555148 74, +46 (0)70-239 34 81
This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 4:45 pm CET on 25 November 2011.
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. The carrying amount of the company’s property portfolio is approximately SEK 28.7bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.1bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.