- Business
- Fabege AB (publ) (FABG.ST) develops, invests in, and manages commercial premises focused on sustainable city districts in key submarkets of the Stockholm region, including Solna, Hammarby Sjöstad, Stockholm inner city, Flemingsberg, and Stadshagen; its property portfolio comprises office; retail; industrial/warehouse; residential; hotel; and garage properties, alongside project development, transactions including acquisitions and sales, and in-house property management services emphasizing lettings, customer care, and sustainability initiatives such as Green Leases and energy efficiency targets. Founded in 1924 and headquartered in Solna, Sweden, the company operates primarily within Sweden's Stockholm area through wholly owned subsidiaries like LRT Holding Company AB and Hilab Holding Stockholm AB, serving approximately 900 customers ranging from corporations like Saab and Alfa Laval to authorities and media firms. Recent developments include the appointment of Bent Oustad, formerly CEO of Norwegian Property ASA, as President and CEO effective 1 December 2025, amid analyst speculation of a potential merger with Norwegian Property linked to investor John Fredriksen's stake; sale of 7,800 square meters of development rights in Paradiset 23 to Besqab for SEK 200 million; top GRESB sustainability ratings of 95 in property management and 98 in project development for 2025, earning five stars and Northern Europe leadership; Moody's affirmation of Baa2 rating with stable outlook; inauguration of Saab's major office lease in Solna Strand; and stable interim financials through October 2025 with rental income of SEK 1,717 million and profit from property management at SEK 657 million.