Swedish property company Fabege has sold its Sicklaön 145:20 property in Nacka to Järla Marknad for SEK 50 mln (EUR 4.8 mln) and its Elektra 20 leasehold to Fastighets AB TESST for SEK 7 mln. Sicklaön 145:20 comprises a lettable floor area of 3,300 m2. The Electra 20 leasehold property is undeveloped and has a floor area of 3,870 m2.

The sale will result in a profit after tax of SEK 5m, which will be recognised in the fourth quarter of 2009.

Fabege’s CEO Christian Hermelin said the sale fits in with the company's ambition to concentrate its property portfolio on a few select sub-markets.