Nordic Business Report-December 22, 2006-Fabege AB acquires property in Sundbyberg, Sweden (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Swedish property company Fabege AB said on Friday (22 December) that it has acquired a 27,000 square metre property in central Sundbyberg in Sweden for SEK370m. The seller is Svenska Spel AB, which will remain in the building as a tenant. In connection with the acquisition Fabege and Svenska Spel will sign a new ten-year rental agreement. The purchase price corresponds to a yield of about 7% for a fully let building. The property, which primarily contains office, retail and storage space, currently has an occupancy rate of 93%. Fabege AB is one of Swedens leading property companies. The book value of the companys property portfolio is some SEK26bn. Fabege is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))