Fabege sells two properties for SEK 94m at a profit of SEK 10m

Fabege has sold the properties Gengasen 4 in Örby/Älvsjö and Lejonet 6 in Södertälje for a total of SEK 94 million. The purchasers will take possession of the properties during the second quarter. Gengasen 4 comprises a total of 9,744 sq.m of floor space, of which 5,009 sq.m is residential and 4,735 sq.m commercial. Lejonet 6 comprises 10,977 sq.m of floor space. The realised change in value amounts to SEK 10 million, which will be reported during the second quarter. ”We are aiming for efficient property management in geographically clustered management units. Gengasen 4 and Lejonet 6 are both located outside our priority areas and are therefore being sold off,” says Erik Paulsson, CEO of Fabege. Fabege AB (publ)

17 May 2005 4:30 PM

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