Fabege transfers a property in Järla Sjö to joint-owned housing development company

Fabege transfers a property in Järla Sjö to joint-owned housing
development company

As announced earlier, Fabege and Oscar Properties Invest AB have formed
a joint venture for the development of tenant-owner flats in Stockholm.
The company will acquire properties for new builds or conversion of
existing buildings into residential units, which will then be
transferred to tenant-owner associations. 

Fabege has transferred the Sicklaön 145:17 property to the development
company with takeover on 20 September 2010. The purchase consideration
is SEK 100m. Since this amount corresponds to the most recent market
valuation, the sale will not generate any realised profit. 

“We are delighted to have initiated this joint project, whereby the
potential of our existing buildings will be supplemented with Oscar
Properties' specific expertise in developing and selling tenant-owner
flats,” says Fabege's CEO Christian Hermelin.
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