Fabege: SEB chose Arenastaden

Regulatory News:

Fabege AB (publ) is one of Sweden’s leading property companies focusing mainly on letting and managing office premises and property development. Fabege owns properties with a carrying amount of SEK 33.6bn. The portfolio is concentrated in the Stockholm region and has an annualised rental value of SEK 2.4bn and a lettable area of 1.1m sqm. Fabege’s shares are listed on Nasdaq OMX Stockholm, Large Cap segment. (Photo: Business Wire)

Modern offices with stringent environmental and energy requirements, excellent location in terms of transport links and a wide range of services for employees were a few of the requirements stipulated in the procurement. SEB’s offices will receive environmental certification in line with BREEAM and the lease that has been signed is a Green Lease agreement, which entails increased collaboration on environmental issues and reduced climate impact.

"Arenastaden provides us with an excellent long-term solution for locating our premises in Stockholm, which is where we are currently concentrating the majority of our operations. The combination of location and service in a modern and vibrant city district will create a stimulating working environment for our employees,” says Jan Erik Back, Deputy Managing Director and CFO at SEB.

The total project cost is about SEK 2.3 billion. SEB’s new office buildings are scheduled to be completed and enter use in two stages, with the first being in May 2017 for about 60 per cent and the remainder in May 2018.

"We are proud that Fabege has been entrusted with creating tomorrow’s offices for SEB. Their choice of Arenastaden shows that we have succeeded in our aim of creating an appealing location and we have attracted yet another of Sweden’s largest companies to the area,” says Christian Hermelin, President and CEO of Fabege.

Fabege AB (publ)

This constitutes information that Fabege AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was released for publication at 7:30 am CET on 27 June 2014.

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