Foundation in 1946
The company was founded on Friday 6 December 1946, as Byggnadsaktiebolaget O.P. Wihlborg & Son. At that time the company's business is focused on housing in the Malmö region. Prior to this, in as early as 1924, builder O P Wihlborg had founded his construction firm.
In 1990 the company is listed as Wihlborgs Fastigheter AB on the O list of the Stockholm stock exchange.
In 1998 Fastighets AB Storheden is acquired, led by Erik Paulsson, and through the acquisition he becomes CEO of the new Wihlborgs Group. The ten-year period that follows is an eventful one, with a long line of corporate acquisitions and property transactions. The company shifts towards ownership that is more focused on the Stockholm area, Mälardalen area and Öresund region, from having owned a very varied property stock throughout Sweden.
Wihlborgs becomes Fabege AB
In 2004 Wihlborgs buys up the listed property company Fabege AB, with its origins in construction company Skanska. The next year, the Wihlborgs business is concentrated to commercial properties in the Stockholm region and its name is changed to Fabege AB. (The dividends from Wihlborgs' previous stock in the Öresund area are distributed to shareholders and listed; the new company takes over the name Wihlborgs Fastigheter AB.)
Luma and Solna Business Park
In 2006 Fabege receives a substantial property stock by acquiring Fastighets AB Tornet. The new stock includes Luma, the old lightbulb factory in Hammarby Sjöstad. In the same year Fabege also acquires the Wenner-Gren Center and a number of properties in Solna Business Park. The properties in Kista and Täby are sold.
In 2007 Christian Hermelin takes over the post of CEO and Erik Paulsson becomes the Chairman of the Board. The main markets for Fabege are further concentrated to Stockholm city centre - including the newly acquired Tidningshuset in Marieberg (the skyscraper housing Swedish daily newspaper Dagens Nyheter) - Solna and Hammarby Sjöstad.
Development of Arenastaden
In Solna work on Arenastaden kicks off at the end of 2009, six years after the Swedish Football Association decided to work actively for a larger national arena than the existing one, Råsunda stadium. In the new Arenastaden district, housing, workplaces, retail and service emerge thanks to Fabege's initiative and plans forged with the City of Solna.
In September 2012 one of Sweden's most energy-efficient office buildings is ready for energy group Vattenfall to move into, in Arenastaden itself. Fabege is presented with "Winner of Green Building Annual Award" for the property. The new national arena, Friends Arena, is inaugurated in the area in the same year, and Fabege acquires part of the old Råsunda football stadium property.
The extensive development of Arenastaden in Solna is in full swing. In 2014 Fabege signs major new rental agreements with companies including Telia Company, SEB and Siemens for their new offices in the district.
Haga Norra and Råsunda
In 2015 properties including Stora Frösunda 2 and Hagalund 2:2 in Haga Norra, Solna are acquired. An agreement is signed on developing a new property for Telenor's headquarters in Råsunda. Supermarket chain Ica also signs a new rental agreement on moving its headquarters from Solna Business Park to a brand-new property in Arenastaden, where Mall of Scandinavia, currently the biggest shopping centre in the Nordic region, also opens in November.
Fabege is named the eighth most sustainable property company in the world - clear proof of Fabege's work on sustainability - when Global Real Estate Sustainability Benchmark (GRESB) presents a global summary of 707 companies and foundations in the property industry in 2015.