SBB strengthens its collaboration with the Municipality of Boden by investing in new social infrastructure and at the same time signing new 35-year and 25-year lease agreements
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) SBB strengthens its collaboration with the Municipality of Boden in a transactions that include both new investments and the extension of existing leases. This includes several parts: · Acquisition of the so-called Medborgarhuset (a cultural centre) for SEK 31m and an investment of an additional SEK 69m in the property. The lease term is 35 years and the estimated net operating income is SEK 5m annually. · Acquisition of approximately 10,000 sq m of BTA building rights in central Boden, where SBB will develop an elderly care unit