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Fabege: Fabege investing SEK 944 million in Sundbyberg

Now that Svenska Spel, Åhléns and other tenants have departed from the
Orgeln 7 property in the heart of Sundbyberg, Fabege has embarked on
a major redevelopment/extension project. The investment amounts to
SEK 944m, and it is estimated that the project will be completed in
summer 2018. The new building has been named Grand Central

Totally renovated, the building will acquire four new storeys and in
all approximately 36,000 sqm of offices and retail space excluding

- "In Grand Central Sundbyberg, we are creating an attractive, modern product in the very best location for communications. Work on letting is in full swing, and I'm convinced that we will conclude agreements in good time before the property in completed", says Christian Hermelin, CEO, Fabege.

The Municipality of Sundbyberg has advanced plans for taking the metro
underground and Grand Central will then become a natural focal point
in the new square. The plans provide space for restaurants, shops and
a vibrant urban scene.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70
666 13 80

Fabege AB (publ) is one of Sweden's leading property companies
focusing mainly on letting and managing office premises and property
development. Fabege owns properties with a carrying amount of SEK
42.4bn. The portfolio is concentrated in the Stockholm region and has
an annualised rental value of SEK 2.3bn and a lettable area of 1.1m
sqm. Fabege's shares are listed on Nasdaq OMX Stockholm, Large Cap


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