Samhällsbyggnadsbolaget i Norden AB acquires community service and residential properties in Stockholm, Oskarshamn and Avesta.
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") acquires, through two transactions, two community services properties with residential care and education, and 35 residential properties for a total property value of approximately SEK 730 million.
The leasehold area of the community service properties amounts to approximately 12,000 square meters with rental income of approximately SEK 18.5 million. The community properties are fully leased with an average remaining rental period of 6.5 years. The leasable area of the residential properties amounts to approximately 63,700 sq.m. with rental income of approximately SEK 57.5 million. In total, the acquisitions add more than 900 residential units to SBB’s property portfolio.
The largest tenant is Stockholm City, accounting for 17% of total rental income.
"We continue to strengthen our position as the leading real estate company in the Nordic region in community service properties and housing segment. With the acquisition, SBB continues to grow in the Stockholm region and our core residential areas Oskarshamn and Dalarna, "says Ilija Batljan, CEO and founder of Samhällsbyggnadsbolaget i Norden AB.
The sellers of the properties are Savana and Langold Properties.
The acquisitions are financed through equity and bank loans.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was originally submitted for publication in Swedish, through the agency of the contact person set out above on July 4, 2018, at 22.37 CET.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. SBB was named the winner of the 2017 Real Estate Company of the year Award. The company’s series B shares (short name SBB B) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (www.penser.se). More information about the company is available at www.sbbnorden.se.