Fabege sells property in Gamla Stan

Fabege has sold the Pan 1 property in Gamla Stan to AB Parts & Paomees. The property is located at Stora Nygatan 40/Lilla Nygatan 23 and includes approximately 3,150 sqm of lettable area, most of which is office space.

The sale will take place in the form of a company with an underlying property value of SEK 180m and will generate a profit before taxes of SEK 15m and SEK 23m after taxes. The profit will be recognised in the third quarter.

- Pan was our only remaining property in Gamla Stan and the sale is consistent with our business concept of streamlining and focusing on our priority areas, explains Klaus Hansen Vikström, Fabege’s Deputy CEO and Director of Business Development.

Fabege AB (publ)

30 Sep 2016 2:00 PM

For more information

For further information, please contact:
Åsa Bergström, Vice President and CFO, +46 (0)8-555 148 29, +46 (0)706-66 13 80
Klaus Hansen Vikström, Vice president and Director of Business Development, +46 (0)8-555 148 74, +46 (0)70-239 34 81

Download press release (pdf)