Fabege divests property Pelaren 1 in SA[pilcrow sign]derstaden.
NORDIC BUSINESS REPORT-May 7, 2019-Fabege divests property Pelaren 1 in SA[pilcrow sign]derstaden
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Property company Fabege AB (STO:FABG) announced on Monday the sale of the property Pelaren 1 in Soderstaden to KPA Pension.
This property transaction is being completed as a corporate sale with an underlying property value of SEK1,608m. In accordance with current reporting regulations, the profit will be recognised as an unrealised change in value of SEK138m in the second quarter of 2019.
Reportedly, this sale is consistent with Fabege's overriding strategy of divesting fully developed properties and creating new value by continuing to generate development rights in attractive growth areas in...
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