Swedish real estate firm Fabege has sold its Generatorn 17 property in Ulvsunda, Stockholm to ITK hiss for SEK 60 mln (EUR 5.5 mln). The property comprises about 5,900 m[sup]2[/sup] of industrial space and the occupancy date is 1 July 2009. 'The sale is in line with our strategy of disposing of properties that lie outside our priority markets and concentrated property management units,' Fabege CEO Christian Hermelin said.
Swedish real estate firm Fabege has sold its Generatorn 17 property in Ulvsunda, Stockholm to ITK hiss for SEK 60 mln (EUR 5.5 mln). The property comprises about 5,900 m2 of industrial space and the occupancy date is 1 July 2009. 'The sale is in line with our strategy of disposing of properties that lie outside our priority markets and concentrated property management units,' Fabege CEO Christian Hermelin said.
Stockholm-listed Fabege is one of Sweden's leading property companies focusing on commercial premises. The book value of the company's property portfolio is approximately SEK 29.4bn (EUR 2.7 bn).
