John Fredriksen increases Fabege ownership

Nordic — John Fredriksen makes new investments in Fabege – passes threshold.

Dahlbo: Next indexation will probably be tougher for some tenants

Sweden Sweden — Fabege delivered a stable Q3 when the results were revealed on Thursday, but the net rental was negative and the value of the properties continues to be written down, this time by almost SEK 1.6 billion. CEO Stefan Dahlbo expects the indexed rent increase for 2024 to land around six percent, and he believes that this increase may be tougher for more tenants to cope with compared to the one for 2023.

Swedish heavyweights take next step in major Stockholm project

Sweden Sweden — New offices and residences of over 100,000 square meters are planned when Fabege and NCC invest heavily in Solna Business Park. Nordic Property News tells you more about the plans going forward.

Saab is Fabege's major tenant in Solna

Sweden Sweden — As informed on June 27th 2023 Fabege has signed a letter of intent regarding the letting of all floor space, approximately 66,000 sqm, in the property Nöten 4 located in Solna Strand. Fabege has now released the information that they signed the letter of intent regarding letting of Nöten 4 with Saab AB.

Fabege secures new tenant in Solna Business Park

Sweden Sweden — Fabege and Miele have signed a lease for just over 1,600 sqm in the Smeden 1 office property in Solna Business Park. The lease is for 8 years and occupancy is scheduled for 15 April 2024.

Fabege signs lease LOI of 66,000 sqm

Sweden Sweden — The letter of intent covers the letting of all floor space in the property Nöten 4, which is located in Solna Strand.

Fabege welcomes Coor’s head office to Haga Norra

Sweden Sweden — Fabege has signed three lease agreements with Coor covering a total of approximately 4,500 square metres in the Kvarter 1 office project (Ackordet 1 property). Coor has also been given the task of providing service and comfort functions to tenants and visitors.

John Fredriksen's Geveran Trading Becomes Second Largest Owner in Fabege

Nordic — Geveran Trading has increased its holding in Fabege to 5.02 percent of the capital and votes in the company. Fabege has had no contact with Geveran regarding the investment, says the finance director.

Sharp Report Drop for Fabege – But Dahlbo Sees Stability

Sweden Sweden — Fabege reported a substantial decline in management results in the fourth quarter of 2022 and the property portfolio was devalued by almost four billion SEK, the board also proposes a reduced dividend. The stock took a big hit on the stock exchange during Monday's trading and CEO Stefan Dahlbo took the opportunity to replenish his holdings during the dip. Together with the CFO Åsa Bergström, he tells more about how the company tackles what is expected to be a challenging 2023.

JM Acquires Building Rights and Signs Agreement for New Head Office

Sweden Sweden — JM has acquired building rights from Fabege for the development of approximately 450 residential units located in Huvudsta, Solna. The property value in the acquisition amounts to MSEK 484, including a paid development contribution. Occupancy and payment will take place during the second quarter of 2023.

Fabege's CEO on Moody's Negative Outlook

Sweden Sweden — Fabege gets to keep its Baa2 rating, but Moody's has decided to change the company's outlook from stable to negative due to the rising market interest rates and the risk of the interest coverage ratio deteriorating. Fabege CEO Stefan Dahlbo tells Nordic Property News how he views the announcement and the company's future prospects.

Moody's Changes Fabege's Outlook from Stable to Negative

Sweden Sweden — In light of the rising market interest rates and the risk of the interest coverage ratio deteriorating, Moody's has decided to change the outlook from stable to negative.

Swedish Powerhouse Ready for New Large Office Development

Sweden Sweden — Fabege is to start planning work for a 20,000 square meter investment in Solna Business Park.

Fabege Signs Loan Deal with NIB

Sweden Sweden — Nordiska Investeringsbanken (NIB) and Fabege have agreed on a 10-year loan of SEK 432.5 million to finance Scandinavia’s first zero-energy hotel in Arenastaden, Solna, just outside Stockholm.

Fabege Signs Lease Agreement in Solna Business Park

Sweden Sweden — Fabege and CGI, a global provider of IT and business process services, have signed lease agreements for two new offices. One is in Solna Business Park and has about 4,200 sqm of floorspace, and the other is in the Glädjen area of Västra Kungsholmen and has about 1,300 sqm of floorspace.

Fabege Makes Large Purchase from Revelop

Sweden Sweden — Fabege acquires the property Kabelverket 2, consists of four office buildings with a floor space of approximately 22,000 sqm, in Älvsjö in Stockholm from Revelop for MSEK 812.

New Head of Transactions at Fabege

Sweden Sweden — Henrik Bauer has been appointed Head of Transactions at Fabege. He comes most recently from a role as Investment Manager at NCC Property Development and previously also worked at Newsec and JLL.

Fabege Acquires Development Property

Sweden Sweden — Fabege is acquiring an additional development property from Skanska, with a central location in Flemingsberg. Generatorn 10 is situated in the heart of the future Stockholm South Business District, right next to the planned public transport hub north of Regulatorbron bridge. The acquisition brings the addition of approximately 35,000 sqm of commercial space.

Fabege Acquires Residential Company SHH Bostad

Sweden Sweden — As of 18 October, SHH will be a wholly owned subsidiary of Fabege.

Fabege Signs a Long Lease in Stockholm South Business District

Sweden Sweden — Alfa Laval is to be Fabege’s first major new office tenant in Stockholm South Business District in Flemingsberg. The company will be leasing just over 17,000 sqm, with an option to lease additional office space.

Fabege Makes Several Recruitments

Sweden Sweden — Fabege is now strengthening its letting team and has recruited three letting agents, who will join the company this autumn.

Fabege Proposed New Land Allocation in Hammarby Sjöstad

Sweden Sweden — The City of Stockholm has agreed to allocate the leasehold property Korphoppet 6 and adjacent Korphoppet 7 to Fabege.

Patrizia Completes New Swedish Purchase

Sweden Sweden — Patrizia acqiures residential in Kista, Stockholm, from Fabege and SHH for MSEK 400.

What Johan Zachrisson Brings to Fabege from Cushman & Wakefield

Sweden Sweden — Johan Zachrisson has been appointed new Director of Business Development at Fabege. He tells Nordic Property News why he wanted to join Fabege, what he hopes to accomplish and what he can bring from his time at Cushman & Wakefield.

Fabege Appoints New Director of Business Development

Sweden Sweden — Fabege appoints Johan Zachrisson as its new Director of Business Development and member of the Executive Management Team.