Tornet, a subsidiary of Fabege, has sold twelve properties in Västberga, Högdalen and Årsta in Sweden for €34.56 million. The properties are sold through a company, resulting in an after-tax gain of €6.48 million in Fabege, which will be recognised in the second quarter of 2006.
The purchaser is Diös & Kuylenstierna Förvaltning AB which will take possession of the properties on 30 June 2006.
The properties, with a total area of 55,000 m², comprises mainly industry/warehouse.
Source: Fabege AB