Tornet sells twelve properties in Gothenburg (SE)

Tornet, a subsidiary of Fabege, has sold twelve properties in Gothenburg for approximately 45 million (SEK 380 million).

The properties are sold through a company, resulting in an after-tax gain of approximately €3,5 million (SEK 30 million) in Fabege, which will be recognised in the second quarter of 2006. The purchaser is Fastighets AB Balder which will take possession of the properties on 2 June 2006.

Source: Fabege

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