Fabege sells property in Ulvsunda

Fabege sells property in Ulvsunda

 

Fabege has sold the Induktorn 33 property in Ulvsunda, Stockholm, for
SEK 100m. The purchaser is the Stockholm city. The property comprises
approximately 17,000 sqm of lettable area, primarily
industrial/warehouse premises. The City intends to construct a new road
through the property.

Preliminarily, the purchaser will gain access to the property on 30 June
2011. A precondition for access is that the City Council's decision
concerning the acquisition has become legally effective. The sale will
generate an after-tax gain of SEK 17m, which will be recognised in
earnings during the second quarter of 2011.

“The Stockholm city presented a traffic solution that included
construction of a road through our property and the demolition of parts
of the buildings. To facilitate this, a discussion concerning the sale
of the property to the Stockholm city was initiated. The sale is also in
line with our ambition of focusing on our selected markets,” says Klaus
Hansen Vikström, Director of Business Development at Fabege.

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
Klaus Hansen Vikström, Director of Business Development, phone 46
(0)8-555 148 74, 46 (0)702-39 34 81

 

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
9:40 am CET on 25 May 2011.