Fabege: Lagardère Unlimited to Take over Operation of Friends Arena

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

Fabege (STO:FABGA):

As of 1 January 2015, Lagardère Unlimited will take over operation of Friends Arena as part of an agreement that will extend over more than 10 years. The agreement was announced today by the owners of Friends Arena: the Swedish Football Association, Peab, Fabege, the City of Solna and Jernhusen, together with Lagardère Unlimited, which is also signing a long-term lease with the property company that owns Friends Arena, Arenabolaget i Solna AB.

“Over a period of two years, we have been laying the foundation for Friends Arena. It feels good being able to now hand over the arena’s operation to an international operator such as Lagardère Unlimited, which will be able to further strengthen and develop Friends Arena as a competitive events arena,” says Erik Paulsson, Chairman of Fabege.

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.

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 09:15 am (CET) on 8 December 2014.

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Contacts

Fabege
Erik Paulsson
Chairman
telephone +46 73 387 18 18

Contacts

Fabege
Erik Paulsson
Chairman
telephone +46 73 387 18 18