Fabege sells residential hotel in Solna
5/21/2010 4:30 AM EST
Fabege has divested the Hallen 6 property in Solna. The purchaser is Chinax Group and the purchase consideration is SEK 110m. The approximately 4,600 sqm building comprises a residential hotel. The purchaser will take possession on 26 May 2010.
The sale will generate an after-tax gain of SEK 20m, which will be recognised in profit during the second quarter of 2010.
“The divestment is a further step towards the streamlining of our portfolio,” says Christian
Hermelin, CEO of Fabege, commenting on the transaction.
Fabege AB (publ)