*

Hitt og þetta 27. apríl 2006

Fabenge AB sells and buys properties

Nordic Business Report-April 27, 2006-Fabenge AB sells and buys properties
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish property company Fabege AB said on Thursday (27 April) that it had concluded a swap agreement with Humlegarden under which Fabege would sell properties for SEK255m and buy properties for SEK500m.

Fabege will sell four office properties with a total floor space of 35,000 square meters in Ulvsunda, Bromma, resulting in a realised gain of SEK25m.

At the same time Fabege will acquire four properties totalling 16,000 square metres.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))