SBB sells public offices and judicial properties in Norway for approximately NOK 1,200m
In two transactions with different buyers, Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") is selling nine properties (public offices and judical properties) for an agreed property value of approximately NOK 1,200m. Agreed property values are approximately 20 percent above external valuations as of Q4 2020 and approximately 4 percent higher than external valuations as of Q1 2021. “The transactions once again show the liquidity of our assets and the unique abilty of our Real Estate M&A team to create value. The sales of properties in the public office and judicial segments are