SBB acquires elderly care property in the Öresund region from Trelleborg Municipality with a WAULT of 17 years
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires the property Trelleborg Vallgraven 2 from Trelleborg Municipality for an agreed property value of SEK 215.7 million. The property with 7,850 sqm lettable area mainly consists of an elderly care home that is leased to Trelleborg Municipality (approximately 77 per cent of total income) and partly a prison that is rented out to the Swedish Prison and Probation Service (approximately 23 per cent of total income). Estimated NOI is SEK 9.6 million and the average contract term is 17 years. “Within a week after we communicated our