Fabege investing SEK 944 million in Sundbyberg

Now that Svenska Spel, Åhléns and other tenants have departed from the Orgeln 7
property in the heart of Sundbyberg, Fabege has embarked on a major
redevelopment/extension project. The investment amounts to SEK 944m, and it is
estimated that the project will be completed in summer 2018. The new building
has been named Grand Central Sundbyberg.
Totally renovated, the building will acquire four new storeys and in all
approximately 36,000 sqm of offices and retail space excluding parking.

-          “In Grand Central Sundbyberg, we are creating an attractive, modern
product in the very best location for communications. Work on letting is in full
swing, and I’m convinced that we will conclude agreements in good time before
the property in completed”, says Christian Hermelin, CEO, Fabege.

The Municipality of Sundbyberg has advanced plans for taking the metro
underground and Grand Central will then become a natural focal point in the new
square. The plans provide space for restaurants, shops and a vibrant urban
scene.

Fabege AB (publ)
For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80
Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly
on letting and managing office premises and property development. Fabege owns
properties with a carrying amount of SEK 42.4bn. The portfolio is concentrated
in the Stockholm region and has an annualised rental value of SEK 2.3bn and a
lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm,
Large Cap segment.