Rental income and the operating surplus improved in comparison with the previous year. The value changes turned positive during the third quarter. Overall, this meant that earnings before and after tax improved significantly.
GRESB (Global Real Estate Sustainability Benchmark) annually ranks the real estate sector from a sustainability perspective. In the 2024 edition of the ESG evaluation GRESB, Fabege achieves its best result ever.
Invitation to Fabege’s presentation of the interim report Jan-Sep 2024
On Tuesday 22 October 2024 at 07:30 (CET), Fabege’s interim report Jan-Sep 2024 will be published. Investors, analysts, journalists, and other stakeholders are invited to participate in an audiocast and teleconference at 10:30 (CET) the same day.
Increased rental income and improved net operating income were offset by higher interest expenses. Lower negative value changes in the property portfolio meant that results before and after tax improved significantly.
Invitation to Fabege’s presentation of the interim report Jan-Jun 2024
On Friday 5 July 2024 at 07:00 (CET), Fabege’s interim report Jan-Jun 2024 will be published. Investors, analysts, journalists, and other stakeholders are invited to participate in an audiocast and teleconference at 10:30 (CET) the same day
Fabege renegotiates and extends lease with Telia in Arenastaden
Fabege and Telia have agreed on certain changes in their lease agreement, which mean that Telia will reduce its leased area. The rent level is adjusted and the agreement extended for a further 9 months until 31 December 2031. The new agreement enters into force on 1 October 2024.
Increased rental income and improved net operating income wre met by higher interest costs. Continued increased yield requirement led to unrealised changes in value amounting to SEK -1,381m. Net lettings were negative, SEK -36m but new leases continue to be signed at good levels and a a large proportions of leases thar are renegotiated are extended on existing terms.
Fabege has signed an agreement with the domestic appliances company BSH Home Appliances AB regarding a new office and showroom for its Bosch, Siemens, NEFF and Gaggenau brands in Solna Business Park. In total, the agreement is for just over 4,300 square metres of floorspace at the corner of Svetsarvägen. The agreement has a duration of 10 years.
Resolutions by Fabege’s Annual General Meeting on 9 April 2024
At Fabege AB’s Annual General Meeting on 9 April 2024, the meeting fixed the Board’s dividend proposal for 2023 at SEK 1.80 per share, to be paid on four occasions (SEK 0.45 per share on each occasion). Furthermore, it was decided that the record date for receiving the dividend will be 11 April 2024, 2 July 2024, 4 October 2024 and 8 January 2025, which means that payment is expected to be issued by Euroclear Sweden AB on on 16 April 2024, 5 July 2024, 9 October 2024 and on 13 January 202.
Notice convening the Annual General Meeting of Fabege AB (publ)
Shareholders of Fabege AB (publ) are hereby invited to attend the Annual General Meeting on Tuesday 9 April 2024. The Annual General Meeting will be held at 3:00 pm at Filmstaden Scandinavia, Westfield Mall of Scandinavia, Salong 2, Råsta Strandväg 19A, Solna, Sweden. Registration for the Annual General Meeting begins at 2:15 pm
Nominating Committee’s proposal concerning Board of Directors and Chair of Fabege AB (publ)
Ahead of the Annual General Meeting of Fabege AB (publ) on 9 April 2024, the Nominating Committee is hereby publishing its proposal regarding the Board Chair and other Board Members.
Flemingsberg is home to one of Sweden’s largest campuses, with five universities and colleges and almost 20,000 students. One of Sweden’s biggest urban development projects is taking place here. The development plans for Flemingsberg include collaboration between the business world, academia, civil society and the public sector, all with the aim of strengthening the student city Flemingsberg.
2023 ended with increased rental income, improved operating income, strengthened surplus ratio and improved management result. Net letting amounted to SEK 165m, one of the strongest ever for Fabege. Higher interest costs and negative value changes in the property portfolio meant that the result after tax decreased compared to the previous year.
Bengt Dahlgren moves to Textiltorget in Hammarby Sjöstad
Fabege has signed a lease agreement with the infrastructure consultancy Bengt Dahlgren Stockholm AB for approximately 2,250 square metres of office space in Hammarby Sjöstad. Occupancy is scheduled to commence on 31 January 2025 and the agreement has a duration of 6 years. The property Påsen 1, which has the concept name Textiltorget, is being carefully renovated and will be certified according to BREEAM-SE Bespoke with the Excellent level.
The traditional office needs upgrading – new study indicates need for a multi-faceted workplace
Growing expectations for a sustainable and flexible work life also open opportunities for employers to create inclusive workplaces that make their business more competitive. This requires upgrading the traditional office so that more employee needs can be met. These are the results of a new AI study carried out on behalf of the property companies Wihlborgs, Fabege and Diös.
Invitation to Fabege’s presentation of the Year-end report 2023
On Wednesday 7 February 2024 at 12:00 (CET), Fabege’s Year-end report 2023 will be published. Investors, analysts, journalists, and other stakeholders are invited to participate in an audiocast and teleconference at 15:30 (CET) the same day.