Fabege acquires property in central Stockholm (SE)

Fabege has agreed to acquire Lammet 17 (leasehold), a property in central Stockholm, for approximately €20 million (SEK 205 million). The building, which dates from 1982, is located at the junction of Bryggargatan and Gamla Brogatan just off Drottninggatan and has a lettable area of approx. 6,800 m². Fabege will take possession of the property on 2 October 2006.

The seller is Stiftelsen Kursverksamheten vid Stockholms Universitet(Folkuniversitetet), an educational foundation that currently runs courses in the building. Folkuniversitetet will be vacating the property in the second quarter of 2007, and the building will then be redeveloped.

"Lammet 17 offers great potential for development and will be a good addition to our other properties around Drottninggatan", Erik Paulsson, Fabege's CEO, comments.

Source: Fabege

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