SBB prolongs 14,124 sqm lease with the Finnish government up to Q4 2032
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”), through its subsidiary Hemfosa Finland, has prolonged the 14,124 sqm lease agreement with Senate Properties in Finland up to Q4 2032. Senate Properties is the Finnish Government centralised asset management body, which will sublease the premises to the Police for Western Uusimaa main police station in Espoo in greater Helsinki region. The property will be modernized to be fully in compliance with the newly established National Police Board police station concept. SBB will invest EUR 23.6m in the property with an assumed yield of 5.3 per