Fabege spends EUR 244m to expand Stockholm portfolio

Swedish property company Fabege is buying two office buildings in central Stockholm from peer Niam for a total SEK 2 bn (EUR 212 mln). The first property, Trängkåren 7, comprises around 56,000 m[sup]2[/sup] of lettable space, of which 47,000 m[sup]2[/sup] is office space. The second property, Grönlandet Södra 13, comprises around 8,000 m[sup]2[/sup] of lettable space. The office property is entirely let to the Swedish Social Insurance Agency. In another deal, Fabege sold the land property Marievik 31 to JM for SEK 295 mln.

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