Fabege sells Södermalm property

Business Wire

NACKA, Sweden--(BUSINESS WIRE)--

Regulatory News:

Fabege (STO:FABGA) has sold the Kolonnen 7 property in the corner Götgatan/Ölandsgatan, Stockholm, to Olov Lindgren. The property comprises approximately 3,400 sqm of floor area, with office/retail space and residential space. The buyer will take possession of the property on 11 April 2014.

The sale will generate a gain of approximately SEK 13m before tax and approximately SEK 32m after tax, which will be recognised during the first quarter of 2014. “This was our only remaining property in the Södermalm area and the sale enables us to continue to focus on our prioritised submarkets,” comments Klaus Hansen Vikström, Director of Business Development at Fabege.

Fabege AB (publ)

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 18:00 am/pm CET on 11 March 2014.

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 33.4bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

This information was brought to you by Cision http://news.cision.com

Contact:
Fabege
Christian Hermelin, CEO
Phone +46 (0)8 555 148 25, +46 (0)73 387 18 25
or
Åsa Bergström, CFO
Phone +46 (0)8 555 148 29, +46 (0)70 666 13 80
or
Klaus Hansen-Vikström
Director of Business Development
Tel: +46 (0)8-555 148 74, +46 (0)70-239 34 81
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