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