AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Fabege

M&A Activity Oct 18, 2013

2914_rns_2013-10-18_6943db24-f245-4c5d-9ca6-cf1e173d0829.pdf

M&A Activity

Open in Viewer

Opens in native device viewer

Fabege AB (publ)

PRESS RELEASE 18 October 2013, 08:00 am CET

Presence in Arenastaden strengthened

Fabege 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)

For further information, please contact: Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25 Åsa Bergström, Deputy CEO and CFO, tel +46 (0)8-555 148 29, 070-666 13 80 Klaus Hansen-Vikström, Director of Business Development, Tel: +46 (0)8-555 148 20, +46 (0)70-2239 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 08:00 am CET on 18 October 2013.

Fabege AB (publ) is one of Sweden's leading property companies focusing mainly on commercial premises and owns properties valued at 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.

Talk to a Data Expert

Have a question? We'll get back to you promptly.