SBB continues its expansion in Norway through an acquisition of two elderly care homes

Samhällsbyggnadsbolaget in Norden AB (publ) ("SBB") expands its community service property portfolio in the Nordic metropolitan regions through the purchase of two elderly care homes in Tønsberg in the Oslo region.

The properties have a total leasable area of ​​5,846 square meters with an estimated annual operating net income of approximately SEK 11.8 million (approximately SEK 12.9 million). The properties are fully let to Attendo, with recently renewed 5-year leases. SBB is already Norway's leading player in the community service property sector and this is the company’s first step into elderly care homes. The agreed property value in the transaction amounted to SEK 178 million (approximately SEK 194 million).

"It is very exciting that we now increase our community service property portfolio with two elderly care homes in the Oslo region and we look forward to work closely with Attendo. This transaction is in addition to the elderly care homes we acquired in the last quarter in Stockholm and Helsinki. SBB aims to become the Nordic region's largest community service property owner," comments Ilija Batljan, CEO and founder of SBB.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se

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.

Subscribe