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Fabege sells property in Stockholm City

Swedish property investment firm Fabege has sold its Elefanten Mindre 1 property on Drottninggatan in Stockholm City to AFA Sjukförsäkring. The occupancy date is 1 April 2009. The 5,000 m² retail and office property has recently been renovated and is fully let. The sale will result in a profit after tax of SEK 4m, which will be recognised in the first quarter of 2009.



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