SBB acquires elderly care homes in Greater Stockholm as well as rental apartments and elderly care homes in Helsingborg for SEK 2.5bn and sells non-strategic properties for SEK 1.7bn
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has entered into an agreement to acquire six elderly care homes in Greater Stockholm as well as rental apartments and two nursing homes in Helsingborg to a value of approximately SEK 2.5bn. The acquisitions comprise a total area of approximately 70,000 sq.m. with a rental value of approximately SEK 107m generating a net operating income of approximately SEK 95m. The average term for the elderly care homes is approximately 14.5 years. In addition, SBB has entered into a cooperation agreement with Svenska Stadsbyggen for the construction