Swedish property firm Balder has acquired three properties in Stockholm from listed property company Fabege.
Swedish property firm Balder has acquired three properties in Stockholm from listed property company Fabege.
The purchase price for the three mixed-use properties is SEK 815 mln (€95 mln).
The portfolio comprises the fully let Skeppshandeln 1 project, which is under construction; the Murmastaren 7 building, which offers 3,000 m2 of office and retail space: and the Fiskaren Storre 3 residential tower on Sodermalm.
The sale will see Fabege generate a gain of SEK 15 mln (€1.75 mln) before tax and SEK 54 mln (€6.3 mln) after tax, which will be recognised during the second quarter of 2013.
