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ARTICLES TAGGED WITH "Fabege"

Fabege CEO: "Convendum must mean someone else – our rents are at market level"

Sweden — That there is a storm surrounding Fabege's second largest tenant is unwelcome news when what is otherwise in focus for the third quarter is the downward trend in the occupancy rate. CEO Stefan Dahlbo comments on the situation with Convendum, the rumors surrounding Ericsson's possible move, as well as the outlook for both the project and the rental situation.

Strawberry Arena sees the light of day

Sweden — Today, July 12, the naming rights agreement between Strawberry and Stockholm Live regarding the national arena in Solna enters into force and the arena changes its name to Strawberry Arena. Fabege is a co-owner of the arena and Petter Stordalens hotel chain Strawberry is the company that bought the naming rights to the arena.

Dahlbo: "Time to prove ourselves after such a disappointing first half of the year"

Sweden — Fabege continues to report negative net rental in Q2 as well, and in total during the first half of the year the key figure lands at SEK -74 million, far short of the company's annual target of SEK 80 million. Fabege's CEO now believes that it will be difficult to reach that goal, and despite frustration over protracted discussions in the market, he is confident that the net rental will sort itself out during the second half of the year. Here he also comments on the negative impact on Arenabolaget and what effect the upcoming name change and Petter Stordalen may have its future.

Fabege signs new lease in Stockholm

Sweden — Fabege has signed a lease with Mathworks for just over 1,100 square meters in the Kvarteret Poolen property in Arenastaden. Access is planned for October 2024 and the agreement runs for seven years. The office building is certified according to BREEAM level Excellent.

Stefan Dahlbo: "We may see black swans flying around"

Sweden — A boring year. It is CEO Stefan Dahlbo's outlook for the market in 2024 that he shares at the presentation of the first quarter for Fabege. Two large vacancies and long lease negotiations are two of the factors that concern him.

Fabege recruits Anna Nyberg

Sweden — Fabege has hired Anna Nyberg as Business Development Manager in Flemingsberg. She comes most recently from a role as CEO of Ica Fastigheter.

Bent Oustad and Sofia Watt proposed as new board members at Fabege

Sweden — Bent Oustad, CEO of Norwegian Property, and Sofia Watt, former Head of Asset Management at Deutsche Finance International and EQT Real Estate, are proposed as new board members at Fabege.

Fabege signs lease agreement with Bengt Dahlgren

Sweden — Fabege has signed a lease agreement with the infrastructure consultancy Bengt Dahlgren Stockholm AB for approximately 2,250 square metres of office space in Hammarby Sjöstad. Occupancy is scheduled to commence on 31 January 2025 and the agreement has a duration of 6 years.

Mia Häggström joins Fabege’s Executive Management Team

Sweden — Mia Häggström, Head of Sustainability, will become a member of Fabege's Executive Management Team on 1 January 2024.

Fabege and the City of Solna take the next step in the development of Arenastaden

Sweden — The next phase in the development of Arenastaden, in a prime location in the area, has now been made possible. The local development plan for the Kairo and Farao blocks, which has now entered legally into force, contains about 185 homes and about 77,000 sqm of GFA, equating to about 65,000 sqm of office space.

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

Fabege Signs Loan Deal with NIB

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 — 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.