Fabege sells 16 properties for SEK 1,350m

Fabege sells 16 properties for SEK 1,350m

Fabege has divested a total of 16 properties, mainly outside of its
prioritised market segments of Stockholm inner city, Solna and Hammarby
Sjöstad. The buyer is Profi Fastigheter II AB and purchase price is SEK
1,350m. The transfer of ownership will take place on 12 January 2011. 

The properties comprise a total floor area of slightly more than 110,000
sqm, consisting primarily of office, warehouse and industrial space.

The sale generates an initial after-tax gain of SEK 70m, which will be
recognised as profit during the fourth quarter of 2010. 

“We are delighted to have implemented this transaction, which has freed
up resources for investments in our prioritised areas. As a result,
Fabege has in principle streamlined its portfolio to the Stockholm inner
city market segments of Solna Business Park, Arenastaden in Solna and
Hammarby Sjöstad. For the tenants in the divested properties, it is
extremely satisfying to hand over the management of the properties to
another very good property owner ,” says Klaus Hansen Vikström, Director
of Business Development at Fabege.

Divested properties:                                  Linneduken 5,
Brommaplan, office, etc., 2,608 sqm
Bordduken 7, Brommaplan, office, etc.,
8,325 sqm
Brandsprutan 2, Näsbypark, office, etc.,             Täby Näsbypark
73:5, Näsbypark
13,270 sqm
Domnarvet 18, Lunda, office, etc., 5,624 sqm         Sicklaön 145:19,
Nacka, retail, etc., 17,026 sqm
Domnarvet 36, Lunda, office, 3,790 sqm               Sicklaön 145:2,
Nacka, office, 2,100 sqm
Elementet 1, Ulvsunda, office/retail/warehouse,      Sjukhuset 9-10,
Danderyd, industrial/warehouse,
9,530 sqm                                            1,410 sqm
Jollen 4, Näsbypark, office, etc., 8,291 sqm         Styckjunkaren 3,
Huvudsta, office, etc., 14,074 sqm
Karlsro 1, Järva, industrial/warehouse, etc.,        Veddesta 2:68,
Veddesta, industrial/warehouse,
12,965 sqm                                           2,777 sqm
Lillsätra 3, Sätra, industrial/warehouse, 8,519 sqm   

Profi:

Profi owns and manages properties in Sweden's growth regions of
Stockholm, Gothenburg and Malmö. Profi's property holdings include more
than 200,000 sqm of floor space, consisting of office, commercial,
residential, warehouse and industry space. Its shareholders include
Swedish mail pension funds (Postens Pensionsstiftelse), The Nobel
Foundation, Pensions for Government Employees (Kåpan Pensioner), The
Swedish Alcohol Retail Monopoly Pensioners' Foundation (Systembolagets
Pensionsstiftelse), City of Oslo (Akershus pensionsstiftelse) and City
of Trondheim (Trondheims pensionsstiftelse).

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8-555 148 25, 46 (0)733-87 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8-555 148 29, 46
(0)706-66 13 80
Klaus Hansen Vikström, Director of Business Development, Tel: +46 (0)8
55514874, +46 (0)70 2393481
Annette Kaunitz, Head of Corporate Communications, phone 46 (0)8-555 148
20, 46 (0)708-39 03 37