SBB enters into agreement for the sale of DNB Bank's head office in Oslo to DNB Liv to an agreed net property value of SEK 4,897m
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") has entered into agreement for the sale of an office building in central Oslo to DNB Liv. The sale is carried out to an agreed net property value of SEK 4,897m (NOK 4,487.5m), which exceeds the net property value at the time of SBB's acquisition with approximately NOK 473m, with regards to all transaction costs (corresponding to a total value increase of 12 % since March 2017). The property has a total lettable area of approximately 49,000 square meters and is fully let to Norway's largest financial institution DNB Bank ASA until June