Fabege sells three properties for SEK 116 million (SE)
Friday 13 June 2008
Fabege has disposed of the properties Gräddö 2&4 in Farsta, Ånsta 20:17 in Örebro and Kurland 17 at Norrmalm in Stockholm for SEK 116 million (approx. €11.3 mln.). The properties comprise a total lettable area of approximately 19,000 m².
Förvaltning AB, will take possession of the properties on 1 September 2008. The sale will result in a profit after tax of SEK 12 million (approx. €1.2 mln.), which will be recognized in the second quarter of 2008.
"The sale is in line with our strategy of disposing of properties that lie outside our priority markets and concentrated property management units," comments Christian Hermelin, CEO at Fabege.
Sweden