Swedish property company Fabege said on Tuesday it is teaming up with peer Peab to develop a project in Ulriksdal near Stockholm. Under the deal, Fabege will gradually acquire development rights for 50,000 m[sup]2[/sup] of office space. The financial details were not disclosed.

Swedish property company Fabege said on Tuesday it is teaming up with peer Peab to develop a project in Ulriksdal near Stockholm. Under the deal, Fabege will gradually acquire development rights for 50,000 m2 of office space. The financial details were not disclosed.

Fabege also acquired 50% of the shares in Deamatris for SEK 30 mln (EUR 3.2 mln). Deamatris owns and develops the property Krejaren 2 in central Stockholm.

Additionally, Fabege said it has agreed to sell the housing project Racketen 11 in Alvik to Peab.