Fabege and SHH Bostad AB are leading a housing development project in Kista via co-owned Selfoss Invest AB on land that was previously owned by Fabege. The Selfoss project was launched in 2018 and includes three residential properties containing tenant-owned and tenant-occupied apartments. Selfoss 4, the third stage of development work on the block, includes 130 rental apartments, and was completed in February 2021. Selfoss Invest has now sold the property to Patrizia.
SHH has been responsible for implementing and developing the new residential neighbourhood, which includes just short of 280 new homes. The Selfoss 4 rental property is the project's third and final stage and it was completed in February 2021. The two other stages have been built and sold as tenant-owned apartments. There are just under 20 apartments left to sell in stage two. Income recognition will take place on completion of the project.
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With a focus on commercial properties, Fabege develops attractive locations in the Stockholm area. We are a proactive partner that puts people in front and centre. Our innovative, responsible and flexible ethos enables companies, locations and our city to develop and thrive. We take a long-term approach in our perspective and ownership. We know that when we create sustainably, we also create value. The Fabege share is listed on Nasdaq Stockholm, in the Large Cap segment. For further information, please visit us at www.fabege.com.
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