Fabege Acquires Development Property in Solna Business Park

Regulatory News:

Fabege (STO:FABGA) acquires development property in Solna Business Park

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)

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. Fabege owns properties with a carrying amount of SEK 33.8bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.2bn and a lettable area of 1.0m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment.

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