Fabege Recruits New Talent as Part of Ongoing Robust City District Development

Regulatory News:

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Niclas Ternstål (Photo: Business Wire)

Fabege AB: (STO:FABGA)

Due to the combination of an extensive project portfolio of development rights and an ambitious goal to develop the most sustainable and attractive city districts of tomorrow, Fabege is now strengthening its business development and property management organisation. The new employees will contribute to the company’s continued development activities, bringing fresh ideas and renewed drive to the emergence of new city districts.

Carl Michael Augustsson has been recruited as a business developer and will be involved in the development of the newly acquired Haga Norra city district, located near Arenastaden. His assignment, which will begin in the autumn, will be to develop a sustainable and attractive city district from both a social and environmental perspective. Carl Michael will join Fabege from Mengus, where he is partner. Carl Michael has previously worked at Granen Fastighetsutveckling AB.

Niclas Ternstål (formerly Österberg) will assume the role of Market Area Manager for Arenastaden on 1 September. Niclas worked mostly recently as Director of Letting Operations at AMF Fastigheter. He also has previous experience from such companies as Struktur and Vasakronan.

Andreas Malmsäter has been appointed as Fabege’s new Director of Letting Operations as of 1 September. Andreas will join the company from Tenant & Partner, where he has held a number of positions, most recently as Senior Manager/Team Manager.

"Our focus on city district development has created significant value and been highly successful, and we see excellent potential for continued value creation in our markets, particularly through the ongoing development of our project portfolio. Therefore, I am delighted that we have succeeded in attracting and recruiting these talented employees, who will further strengthen our team,” says Christian Hermelin, CEO of 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 07:50 pm (CET) on 28 August 2015.

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. The carrying amount of the company’s property portfolio is approximately SEK 36.4bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq Stockholm, Large Cap segment.

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