Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Fabege AB    FABG   SE0011166974

FABEGE AB

(FABG)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X EUROPE LIMITED. - 10/30 01:00:00 pm
112.3750 SEK   +0.69%
10/20FABEGE : launches share buy-back
AQ
10/20FABEGE : Interim-report January-September 2020
AQ
10/06FABEGE : Electrolux Professional to move to Glädjen at Hornsbergs strand
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Fabege : granted land allocation permit in Hammarby Sjöstad by the City of Stockholm

share with twitter share with LinkedIn share with facebook
09/25/2020 | 04:31am EDT

Fabege and the City of Stockholm have agreed on the granting of a land allocation permit for Hammarby Fabriksväg (Korphoppet 5) which covers up to 33,000 sqm GFA of office space and other business premises. This forms part of the city's project to connect Hammarbyhöjden and Hammarby Sjöstad. Today, Fabege is the leaseholder of the Korphoppet 5 property.

The raised road Hammarbyvägen and the lower lying Hammarby fabriksväg are proposed to be merged at the lower level and developed into an urban street, with buildings along both sides. The intention is to create a safe, attractive, contiguous urban space with approximately 4,000-5,000 office workspaces, hotels, a square and active ground floors with commercial premises facing the street.

Fabege is the owner of the surrounding properties on Hammarby Fabriksväg and is now planning the future development together with the city and other construction companies. Korphoppet 5 is currently used as a works tunnel for the expansion of the blue metro line, which will have two new stations in Hammarby Sjöstad, meaning that the district will be linked closer to the inner city and have a connection to Nacka to the east and Hagsätra to the south.

"Hammarby Sjöstad is a city district that is close to our hearts, with a good mix of housing, offices, schools, culture and service. Our recent acquisition of the Påsen 1 district, our properties along Hammarby Fabriksväg and this new land allocation permit give us excellent conditions to expand Hammarby Sjöstad's vibrant urban character and good working environment to the south," says Fabege's President and CEO Stefan Dahlbo.

A land allocation permit is an option to negotiate with the city on a specific piece of land, with exclusive rights.

Fabege AB (publ)

For further information, please contact:
Stefan Dahlbo, President and CEO, tel. +46 (0)8-555 148 10, +46 (0)70-353 18 88
Charlotte Liliegren, Head of Urban and Property Development, Fabege, tel. +46 (0)8-556 747 38,
 +46 (0)70-420 22 30

Fabege is a property company focusing on city district development and commercial properties. We develop attractive and sustainable districts with modern offices, housing and a broad range of services - together with strategic partners. Both our perspective and approach to ownership are long term and our passion is creating the right conditions for all those living, working and visiting our areas. We have a presence in a limited number of high-growth submarkets in the Stockholm region. Fabege's shares are listed on Nasdaq Stockholm, in the Large Cap segment. For more information,  www.fabege.com

https://news.cision.com/fabege/r/fabege-granted-land-allocation-permit-in-hammarby-sjostad-by-the-city-of-stockholm,c3202381

https://mb.cision.com/Main/1568/3202381/1310396.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English


share with twitter share with LinkedIn share with facebook
All news about FABEGE AB
10/20FABEGE : launches share buy-back
AQ
10/20FABEGE : Interim-report January-September 2020
AQ
10/06FABEGE : Electrolux Professional to move to Glädjen at Hornsbergs strand
AQ
10/05FABEGE AB : Ex-dividend day for final dividend
FA
10/01FABEGE : New Pep Park adds colour to Arenastaden
AQ
09/25FABEGE : granted land allocation permit in Hammarby Sjöstad by the City of Stock..
AQ
09/21FABEGE : nominating committe for the AGM 2021
AQ
09/04FABEGE : is included in the sustainability index Global Challenges (GCX)
AQ
09/02FABEGE : launches share buy-back
AQ
08/28FABEGE : granted a land allocation permit at Sveaplan by the City of Stockholm
AQ
More news
Financials
Sales 2020 2 805 M 315 M 315 M
Net income 2020 2 483 M 279 M 279 M
Net Debt 2020 26 712 M 3 004 M 3 004 M
P/E ratio 2020 15,2x
Yield 2020 3,01%
Capitalization 36 628 M 4 102 M 4 119 M
EV / Sales 2020 22,6x
EV / Sales 2021 21,9x
Nbr of Employees 190
Free-Float 79,6%
Chart FABEGE AB
Duration : Period :
Fabege AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FABEGE AB
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 126,63 SEK
Last Close Price 111,60 SEK
Spread / Highest target 58,6%
Spread / Average Target 13,5%
Spread / Lowest Target -29,5%
EPS Revisions
Managers
NameTitle
Stefan Dahlbo President & Chief Executive Officer
Jan Åke Gustaf Litborn Chairman
Åsa Bergström Chief Financial Officer, Secretary & Executive VP
Anders Borggren Director-Technical Operations
Märtha Louise Josefsson Independent Director
Sector and Competitors