News : property sell

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Fabege transfers a property in Östermalm to joint-owned housing development comp...

As announced earlier, Fabege and Oscar Properties Invest AB have formed a joint venture for the development of tenant-owner flats in Stockholm. The company will acquire properties for new builds or conversion of existing buildings into residential units, which will then be transferred to tenant-owner associations.

Fabege has transferred the Guldfisken 18 property to the development company with takeover on 1...
 

Fabege sells properties in Vallentuna and Huvudsta

Effective 30 June 2010, Fabege has sold the property Vallentuna Rickeby 1:480 to JKTB Ny Prod o R.O.T. AB for a purchase consideration of SEK 6m. The after-tax gain on the sale was SEK 3m, which is being recognised in profit in the second quarter. 

Effective 1 July 2010, Fabege has sold the property Vallentuna Rickeby 1:477 and an additional approximately 20,000 sqm of land (part of the Vallentuna Rickeby 1:327...

Fabege divests industrial premises in Ulvsunda

Fabege has divested its site leasehold right to the Induktorn 28 property in Ulvsunda, Stockholm. The purchaser is Svenska Hus i Stockholm AB and the purchase consideration amounts to SEK 26m. The property encompasses approximately 5,400 sqm of warehouse and industrial premises. The purchaser will take possession of the premises on 3 May 2010.

The sale generated an after-tax gain of SEK 5m, which will be reported...
 

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...