M&A Activity • Mar 20, 2008
M&A Activity
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Fabege has sold the properties Marievik 14 and 19 to AMF Pension for SEK 975 million. The properties comprise a total lettable area of 39,000 m2 , primarily office space. The buyer will take possession of the properties on 30 April. The sales will result in a total profit after tax of SEK 185 million, which will be recognised in the first quarter of 2008.
Fabege AB (publ)
Christian Hermelin, CEO, phone +46 (0)8-555 148 25, +46 (0)733-87 18 25 Åsa Bergström, CFO, phone +46 (0)8-555 148 29, +46 (0)70-666 13 80 Mats Berg, Director of Communications and Investor Relations, phone +46 (0)8-555 148 20, +46 (0)733-87 18 20
Fabege AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was submitted for publication at 10:30 on 20 March 2008.
Fabege AB (publ) is one of Sweden's leading property companies focusing on commercial premises. The book value of the company's property portfolio is approximately SEK 30.8 billion. The portfolio is concentrated to the Stockholm region and has an annualised rental value of SEK 2.5 billion and a lettable area of 1.5 million square metres. Fabege's shares are listed on the Stockholm Stock Exchange, Large Cap segment.
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