News : Fastighets AB Kannan

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Fabege sells Harpan 51 property

Fabege has sold its Harpan 51 property on Gumhornsgatan/Linnégatan in Stockholm for SEK 142m. The buyer is Fastighets AB Kannan and the property is being sold as a company. The 4,660 m2 property mainly comprises theatre premises and residential space.

The occupancy date is 3 March 2010. The sale will result in a profit after tax of SEK 14m, which will be recognised in the first quarter of 2010.

“It’s an anomalous...