SBB acquires preschool portfolio in Norway for 4,580 MNOK and signs long-term leases
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires a larger portfolio of preschools from Norwegian Trygge Barnehager for an agreed property value of 4,580 MNOK. The annual rental income is NOK 262 million. There are 142 properties included in the deal with the equivalent of approximately 110,000 sq.m. of building area and 677,000 sq.m. of plot area. Trygge Barnehager signs a 25-year lease with the possibility of extension for up to 45 years. Approximately 92 percent of the property value is located in the Norwegian metropolitan regions with a strong focus on Oslo. “We are very