04.03.2008 15:23:00
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Fabege Buys and Sells Projects
Fabege (STO:FABGA) and Peab have concluded an agreement to initiate a project partnership in Ulriksdal (Solna), where Fabege will gradually acquire development rights for 50,000 m2 of office space along the side facing the E4 motorway.
Fabege has also acquired 50% of the shares in Deamatris AB for SEK 30 million. Deamatris owns and develops the property Krejaren 2 by Ostermalmstorg in central Stockholm.
Fabege has agreed to sell the housing project Racketen 11 in Alvik to Peab. The deal is contingent on approval of a detailed development plan.
Fabege AB (publ)
Fabege AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was submitted for publication at 16:15 on 4 March 2008.
This information was brought to you by Cision http://newsroom.cision.com
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