Releases - Fabege

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Strong net lettings and development laid foundation for highly favourable earnin...

2/2/2012 5:00 AM EST

· Net lettings amounted to SEK 130m (27).
· Profit from property management amounted to SEK 564m (782), and rental ­income amounted to SEK 1,804m (2,007). The year-on-year change was due to net sales of properties and higher market interest rates.
· Unrealised changes in value amounted to SEK 1,093m (843) on properties and SEK –397m (106) on interest-rate derivatives.
· After-tax profit for the year amounted...

Fabege sells residential development rights

1/9/2012 9:00 AM EST
Fabege has divested the forthcoming development rights for residential properties in Alvik (Racketen 11) and Solna (Styckjunkaren 4) to Peab and JM, respectively. While the transactions were already agreed upon, the terms and conditions have only now been fulfilled. Both of the transactions were implemented as sales of companies and resulted in a combined after-tax gain of SEK 47m, which will be recognised in the...

Mall of Scandinavia – Another key component in place for Arenastaden’s continued...

12/23/2011 1:00 AM EST
As part of a transaction with Unibail-Rodamco, Fabege’s co-owned company Råsta Holding has divested land worth SEK 630m for the construction of the Mall of Scandinavia shopping centre. In conjunction with the transaction, Fabege is also acquiring, from Råsta Holding, the right to develop 45,000 sqm of office space at a value of SEK 70m. The transaction with Unibail-Rodamco confirms and strengthens Fabege’s vision of...

The Administrative Court is trying new case concerning tax evasion

12/21/2011 7:00 AM EST
The Administrative Court is trying additional case under the Swedish Tax Evasion Act for Fabege. The additional tax assessment amounts to SEK 856m and a tax demand of SEK 240m. The total tax assessment, including the new case, amounts to SEK 8 368m, and a total tax demand of SEK 2 378m, including tax penalty. All of the transactions that the Fabege Group has completed based on a so-called Holland solution are...

NASDAQ OMX extends lease with Fabege

12/20/2011 9:00 AM EST
NASDAQ OMX has made the decision to remain as a long-term tenant in the Ladugårdsgärde 1:48 property, in Norra Djurgårdsstaden. NASDAQ OMX, which rents most of the property together with SalusAnsvar, is extending its lease up to 2020, based on an annual rent of SEK 66m. The new agreements also entail that NASDAQ OMX will be relinquishing part of its current office space, approximately 5,800 sqm, thus creating...

Via a jointly owned company, Fabege issues bonds under a new MTN programme with ...

12/13/2011 9:00 AM EST
Through the jointly owned finance company, Svensk FastighetsFinansiering AB (SFFAB), Fabege is exercising the opportunity to raise SEK 289m by issuing a three-year bond in the capital market. SFFAB’s first issuance takes the form of a three-year bond totalling SEK 650m, with a fixed interest rate of 3.65 per cent (SEK 400m) and an FRN loan (SEK 250m). The bonds are covered by means of deeds on the company’s...

Fabege sells leasehold in Hammarby Sjöstad

12/9/2011 4:30 AM EST
Fabege has sold the leasehold on the Påsen 8 property in Hammarby Sjöstad, Stockholm. The purchasers are Skanska and Ikano Bostad. The sale will occur in the form of a company with an underlying property value of SEK 42.5m. Påsen 8 currently comprises lettable area of approximately 3,100 sqm, mainly consisting of warehouse and office space. The purchasers, who intend to build housing on the property, will gain...

Fabege welcomes a hotel unlike any other to Hammarby Sjöstad

12/8/2011 10:00 AM EST
Fabege has signed a 15-year lease with the Tastsinn Group. The lease pertains to a newly built hotel in Hammarby Sjöstad at an annual rent of slightly more than SEK 17m. The hotel will comprise 7,000 sqm of floor space and encompass 228 rooms. It is scheduled to open in the first half of 2014.

“The Tastsinn Group is already a tenant of Fabege and we have a great deal of faith in its new concept of efficient hotels...

The Administrative Court is trying one new case concerning tax evasion

11/28/2011 7:00 AM EST
The Administrative Court is trying one additional case under the Swedish Tax Evasion Act for Fabege. The additional tax assessment amounts to SEK 415m and a tax demand of SEK 115m. The total tax assessment, including the new case, amounts to SEK 7 512m, and a total tax demand of SEK 2 138m, including tax penalty.

Fabege contests the Swedish Tax Agency’s demand and maintain its previous view that the sales were...

Fabege sells Kåkenhusen 38 in Stockholm city

11/25/2011 10:45 AM EST
Fabege has sold the Kåkenhusen 38 property in Stockholm city to Hufvudstaden. The property has a total lettable area of approximately 6,700 sqm in the form of office and restaurant space. The purchaser will gain access to the property on 14 December 2011. The property will be sold as a company and the underlying property value is SEK 477.5m. The transaction will generate an after-tax gain of SEK 30m.

“The property...

Fabege

Fabege AB (publ) is one of the leading real estate companies in Sweden, focusing on commercial premises and property development. The activity is highly concentrated to markets with high growth in the Stockholm region, m...

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