M&A Activity • Apr 28, 2015
M&A Activity
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Fabege AB
(publ)
PRESS RELEASE 28 April 2015, 8:45 am CET
Fabege has acquired Fräsaren 9, in Solna Business Park from Swedish Match. The property comprises approximately 7,000 sqm of land and is currently developed with a logistics building of nearly 10,000 sqm for Swedish Match's distribution operations.
The transaction will take the form of a company acquisition based on an underlying property value of SEK 152m. The property will be transferred during the first quarter of 2016 when Swedish Match will also move out.
"Fabege is already a major property owner in Solna Business Park and, as a result of this acquisition, we will be able to continue the development of new offices in the area," comments Klaus Hansen Vikström, Deputy CEO and Director of Business Development at Fabege.
Fabege AB (publ)
Christian Hermelin, President and CEO of Fabege, tel: +46 (0)8-555 148 25, +46 (0)733-87 18 25 Åsa Bergström, Deputy CEO and CFO, Tel: +46 (0)8-555 148 29, +46 (0)70-666 13 80 Klaus Hansen Vikström, Deputy CEO and Director of Business Development, tel +46 (0)8-555 148 74, +46 (0)70-239 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 on 28 April 2015 at 8:45 am CET.
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 33.8bn. The property portfolio, which is concentrated in the Stockholm region, has an annualised rental value of SEK 2.2bn and a lettable area of 1.0 million sqm. Fabege's shares are listed on Nasdaq Stockholm, Large Cap segment.
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