Fabege sells residential hotel in Solna

Fabege sells residential hotel in Solna 

Fabege has divested the Hallen 6 property in Solna. The purchaser is Chinax
Group and the purchase consideration is SEK 110m. The approximately 4,600 sqm
building comprises a residential hotel. The purchaser will take possession on 26
May 2010. 

The sale will generate an after-tax gain of SEK 20m, which will be recognised in
profit during the second quarter of 2010. 

“The divestment is a further step towards the streamlining of our portfolio,”
says Christian 
Hermelin, CEO of Fabege, commenting on the transaction.

Fabege AB (publ)

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
Annette Kaunitz, Head of Corporate Communications, phone +46 (0)8-555 148 20,
+46 (0)708-39 03 37




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 10:30 am CET on 21 May
2010.


Fabege AB (publ) is one of Sweden's leading property companies focusing on
commercial premises. The carrying amount of the company's property portfolio is
approximately SEK 28.3bn. The portfolio is concentrated to the Stockholm region
and has an annualised rental value of SEK 2.3bn and a lettable area of 1.3m sqm.
Fabege's shares are listed on Nasdaq OMX Stockholm, Large Cap segment.