Fabege: Presence in Arenastaden Strengthened

Regulatory News:

Fabege (STO:FABGA) has signed an agreement concerning the acquisition of the property Tömmen 1, Gårdsvägen 2-4 in Arenastaden. The property is being sold by three private property owners.

The property comprises approximately 7,350 sqm of commercial premises in the form of office, industrial and storage space. In connection with takeover, part of the the property will be vacant, thus providing Fabege with an opportunity to also offer premises to smaller tenants, something that has otherwise been difficult in Arenastaden.

The property will be acquired in the form of a company with an underlying property value of SEK 85m. The rental value is approximately SEK 8m.

"The transaction is a feature of our continued strategy of concentrating our operations and in line with our ambition of growing in our priority areas,” says 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 08:00 am CET on 18 October 2013.

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 32.8bn. 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.

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