SBB acquires elderly care homes, preschools and care properties in Finland for EUR 142m
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") acquires a portfolio of 48 properties, of which 27 properties are used for elderly care homes, corresponding to 70% of the rental income, 11 properties are used for preschools, corresponding to 11% of the rental income and 10 properties are used for care corresponding to 19% of the rental income. The WAULT is 9 years and the properties are fully let. The total lettable area comprises approximately 50,280 sq.m. of which 90% has been built between 2008 and 2018. The total rental income is EUR 9.1m, with a net operating income of EUR 8.6m.