SBB signs agreement for the construction of a social infrastructure property in Borlänge with 20-year municipal lease agreements
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) invests in a social infrastructure property in the city of Borlänge from Magnolia Bostad with an elderly care home, LSS housing, home care offices and a pre-school. The property has four 20-year leases with Borlänge municipality with a total rental income of about SEK 16m. The construction of the property is expected to be completed during the latter part of 2022 and the assessed property value at completion is approximately SEK 335m. ”The property with 20-year municipal leases is a great fit with our portfolio of social infrastructure