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28 May 2012

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Sweden's Fabege quadruples net, looks to expand

Swedish listed commmercial property firm Fabege saw net 2010 quadruple to SEK1.7bn (E193m) and will propose a SEK3 dividend. CEO Christian Hermelin said the results will, "intensify project volumes and create conditions for new acquisitions with potential for value growth." Fabege owns SEK 27.0bn in commercial real estate mainly in Stockholm.

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