Nordic Business Report-April 27, 2006-Fabenge AB sells and buys properties
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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).
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