ARTICLES TAGGED WITH "Fabege"

Despite the vacancy issues – Fabege pushes ahead with more office space

Sweden Sweden — The office giant is planning for nearly 7,500 square meters of new offices at Sveaplan.

"We will take Solna Business Park further"

Sweden Sweden — In Solna, Fabege is located in the Arenastaden district with the city districts of Haga Norra, Solna Business Park, Solna Strand and Ulriksdal. During the company's presentation of the Q1 report, Fabege’s CEO, Stefan Dahlbo, talked about how he wants to see a cluster of authorities and defense and power industries in Solna Business Park.

John Fredriksen becomes the largest owner in Fabege

Nordic — Norwegian-Cypriot billionaire John Fredriksen has emerged as the new largest shareholder in Swedish real estate company Fabege, now holding a 16 percent stake in the company.

Solna city intends to buy new city hall from Fabege

Sweden Sweden — Fabege intends to, after the municipal board meeting in Solna on February 17, sign a letter of intent with the City of Solna for the sale of the property, Solna Hörnan 1. Access to the property will take place no later than September 1, 2028.

John Fredriksen takes new steps in Fabege

Nordic — John Fredriksen's Geveran Trading continues to invest in Fabege and is closing the gap to the largest owner, Backahill, in the ownership list.

Stefan Dahlbo to step down as CEO of Fabege

Sweden Sweden — Almost half of the 20th century has passed and the challenges have succeeded each other. Pessimism has been replaced by optimism for Fabege's CEO Stefan Dahlbo, despite the great disappointment in the 2024 that the company has left behind. Personally, the CEO is now looking towards retirement, as he announced on the same day as the presentation of the financial statements that it was time to leave the company. Until then, hard work and managing Convendum's reconstruction will continue.

This is Stadsrum’s investment strategy after the big acquisition

Sweden Sweden — On Friday, it was announced that Fabege had signed an agreement with Stadsrum Fastigheter to sell the property Ynglingen 10 in Östermalm in central Stockholm, for an underlying property value of EUR 84 million before deductions for deferred tax. For Stadsrum, this is the first acquisition in almost three years. John Strand, Transaction Manager at Stadsrum, talks about the company's investment strategy going forward.

The foreign investors' misjudgments of the Swedish market: "It's laughable"

Sweden Sweden — The highly debated Swedish transaction market has been healthy all the way through the last years – despite the slowdown – and foreign buyers have misjudged the whole situation. This is the opinion of the renowned panel – consisting of Stefan Dahlbo, Anneli Jansson, Sven-Olof Johansson, Joacim Sjöberg and Theodor Jarnhammar – who discussed the issue during the event Stora Kontorsdagen and who see signs of increased activity in the future.

Fabege CEO: "Convendum must mean someone else – our rents are at market level"

Sweden Sweden — That there is a storm surrounding Fabege's second largest tenant is unwelcome news when what is otherwise in focus for the third quarter is the downward trend in the occupancy rate. CEO Stefan Dahlbo comments on the situation with Convendum, the rumors surrounding Ericsson's possible move, as well as the outlook for both the project and the rental situation.

Strawberry Arena sees the light of day

Sweden Sweden — Today, July 12, the naming rights agreement between Strawberry and Stockholm Live regarding the national arena in Solna enters into force and the arena changes its name to Strawberry Arena. Fabege is a co-owner of the arena and Petter Stordalens hotel chain Strawberry is the company that bought the naming rights to the arena.

Dahlbo: "Time to prove ourselves after such a disappointing first half of the year"

Sweden Sweden — Fabege continues to report negative net rental in Q2 as well, and in total during the first half of the year the key figure lands at SEK -74 million, far short of the company's annual target of SEK 80 million. Fabege's CEO now believes that it will be difficult to reach that goal, and despite frustration over protracted discussions in the market, he is confident that the net rental will sort itself out during the second half of the year. Here he also comments on the negative impact on Arenabolaget and what effect the upcoming name change and Petter Stordalen may have its future.

Fabege signs new lease in Stockholm

Sweden Sweden — Fabege has signed a lease with Mathworks for just over 1,100 square meters in the Kvarteret Poolen property in Arenastaden. Access is planned for October 2024 and the agreement runs for seven years. The office building is certified according to BREEAM level Excellent.

Stefan Dahlbo: "We may see black swans flying around"

Sweden Sweden — A boring year. It is CEO Stefan Dahlbo's outlook for the market in 2024 that he shares at the presentation of the first quarter for Fabege. Two large vacancies and long lease negotiations are two of the factors that concern him.

Fabege recruits Anna Nyberg

Sweden Sweden — Fabege has hired Anna Nyberg as Business Development Manager in Flemingsberg. She comes most recently from a role as CEO of Ica Fastigheter.

Bent Oustad and Sofia Watt proposed as new board members at Fabege

Sweden Sweden — Bent Oustad, CEO of Norwegian Property, and Sofia Watt, former Head of Asset Management at Deutsche Finance International and EQT Real Estate, are proposed as new board members at Fabege.

Fabege signs lease agreement with Bengt Dahlgren

Sweden Sweden — Fabege has signed a lease agreement with the infrastructure consultancy Bengt Dahlgren Stockholm AB for approximately 2,250 square metres of office space in Hammarby Sjöstad. Occupancy is scheduled to commence on 31 January 2025 and the agreement has a duration of 6 years.

Mia Häggström joins Fabege’s Executive Management Team

Sweden Sweden — Mia Häggström, Head of Sustainability, will become a member of Fabege's Executive Management Team on 1 January 2024.

Fabege and the City of Solna take the next step in the development of Arenastaden

Sweden Sweden — The next phase in the development of Arenastaden, in a prime location in the area, has now been made possible. The local development plan for the Kairo and Farao blocks, which has now entered legally into force, contains about 185 homes and about 77,000 sqm of GFA, equating to about 65,000 sqm of office space.

John Fredriksen increases Fabege ownership

Nordic — John Fredriksen makes new investments in Fabege – passes threshold.

Dahlbo: Next indexation will probably be tougher for some tenants

Sweden Sweden — Fabege delivered a stable Q3 when the results were revealed on Thursday, but the net rental was negative and the value of the properties continues to be written down, this time by almost SEK 1.6 billion. CEO Stefan Dahlbo expects the indexed rent increase for 2024 to land around six percent, and he believes that this increase may be tougher for more tenants to cope with compared to the one for 2023.

Swedish heavyweights take next step in major Stockholm project

Sweden Sweden — New offices and residences of over 100,000 square meters are planned when Fabege and NCC invest heavily in Solna Business Park. Nordic Property News tells you more about the plans going forward.

Saab is Fabege's major tenant in Solna

Sweden Sweden — As informed on June 27th 2023 Fabege has signed a letter of intent regarding the letting of all floor space, approximately 66,000 sqm, in the property Nöten 4 located in Solna Strand. Fabege has now released the information that they signed the letter of intent regarding letting of Nöten 4 with Saab AB.

Fabege secures new tenant in Solna Business Park

Sweden Sweden — Fabege and Miele have signed a lease for just over 1,600 sqm in the Smeden 1 office property in Solna Business Park. The lease is for 8 years and occupancy is scheduled for 15 April 2024.

Fabege signs lease LOI of 66,000 sqm

Sweden Sweden — The letter of intent covers the letting of all floor space in the property Nöten 4, which is located in Solna Strand.

Fabege welcomes Coor’s head office to Haga Norra

Sweden Sweden — Fabege has signed three lease agreements with Coor covering a total of approximately 4,500 square metres in the Kvarter 1 office project (Ackordet 1 property). Coor has also been given the task of providing service and comfort functions to tenants and visitors.