Fabege has divested the Grammet 1 property and Vävnaden 1 leasehold at Brommaplan, Stockholm. The purchaser is JM. The sale takes place in the form of a company at an underlying property value of SEK 140 million (approx. 15.5 million).
Grammet and Vävnaden are commercial premises that comprise 7,000 m² of rentable floor space.
JM intends to develop a large housing project at Brommaplan, which will also include these properties. The buyer took possession on December 17, 2010. The sale gives rise to an initial after-tax gain of SEK 40 million, which will be recognized as profit during the fourth quarter of
2010.
"JM has obtained a land reserve on adjacent land for the development of a large housing project, and is thus a suitable buyer," says Fabege's CEO, Christian Hermelin.
Source: Cision
