Fabege sells two leaseholds in Stockholm City

NACKA, Sweden--()--Regulatory News:

Fabege has sold the leasehold Duvan 6 to Mengus and the leasehold Lammet 17 to Slussgården. Duvan is located at Klara Södra Kyrkogata 1, and comprises lettable area of 9,670 sqm, consisting mainly of offices. Lammet is located at Korgmakargränd 2 and comprises lettable area of 6,790 sqm, (of which office/retail space accounts for 5,660 sqm and storage space for 1,130 sqm).

The sales will occur in the form of a company at a total underlying property value of SEK 853m and will generate profit before tax of SEK 25m and SEK 48m after tax, which will be recognised in the second quarter of 2014.

“We have decided to sell these leaseholds to continue investing in our project portfolio, which we expect to generate a higher yield,” says Klaus Hansen Vikström, Deputy CEO and Director of Business Development at Fabege.

Fabege AB (publ)

For further information, please contact:

Christian Hermelin, President and CEO of Fabege, tel: +46 (0)8-555 148 25, +46 (0)733-87 18 25

Klaus Hansen Vikström, Deputy CEO and Director of Business Development, tel +46 (0)8-555 148 74, +46 (0)70-239 34 81

Åsa Bergström, Deputy CEO and CFO, tel: +46 (0)8-555 148 29, +46 (0)706-66 13 80

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 9 June 2014.

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 33.6bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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Contacts

Christian Hermelin, +46 (0)8-555 148 25, +46 (0)733-87 18 25
President and CEO of Fabege
or
Klaus Hansen Vikström, +46 (0)8-555 148 74, +46 (0)70-239 34 81
Deputy CEO and Director of Business Development,
or
Åsa Bergström, +46 (0)8-555 148 29, +46 (0)706-66 13 80
Deputy CEO and CFO

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Contacts

Christian Hermelin, +46 (0)8-555 148 25, +46 (0)733-87 18 25
President and CEO of Fabege
or
Klaus Hansen Vikström, +46 (0)8-555 148 74, +46 (0)70-239 34 81
Deputy CEO and Director of Business Development,
or
Åsa Bergström, +46 (0)8-555 148 29, +46 (0)706-66 13 80
Deputy CEO and CFO