SBB invests SEK 1.2bn in 640 newly built sustainable rent regulated residentials
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) is building 640 rent regulated residentials comprising approximately 31,352 sq.m. BTA in Västerås, Nykvarn, Skellefteå and Växjö and is investing SEK 1.2bn with an annual operating net of SEK 55.8 million. SBB is one of the Nordic region's leading property developers with a building rights portfolio comprising 2.2 million sq.m BTA, which corresponds to approximately 29,000 apartments. SBB will commence construction in four Swedish cities. Västerås - 174 rent regulated residentials are being built in central Västerås in the Ängsgärdet