Samhällsbyggnadsbolaget i Norden AB acquires 407 apartments from Kävlinge municipality
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires a property portfolio of six residential properties from the municipality-owned real-estate company KKB Fastigheter AB (“KKB”) in Kävlinge. The underlying property value amounts to approximately SEK 545 million.
The properties comprise about 26,600 square meters of lettable area and the average apartment size is 65 square meters. The rental income amounts to approximately SEK 32 million.
"By selling these six properties, we create opportunities to increase housing construction in the municipality and provide resources to invest in existing property holdings," says Mikael Strand, KKB's CEO.
SBB’s philosophy is to own and manage properties with a long-term ownership strategy. The company owns and manages rental apartments in more than 30 locations in Sweden and community services properties throughout the Nordic region. The company is a member of Public Housing Sweden (Sveriges Allmännytta). In 2018, SBB was named the winner of the Real Estate Company of the Year Award.
“We have been focusing on finding a well-known, well-reputed company with a long-term ownership strategy that invests in rental properties. We are confident that KKB's tenants will have the same positive experience with their new property owner as they have with KKB,” says Mikael Strand, KKB's CEO.
SBB further strengthens its commitment in municipalities with growth potential and looks forward to continuing to develop the housing market together with KKB and Kävlinge municipality.
“We are continuing with our strategy of investing in rental properties in municipalities with growth potential. The properties that we acquire from KKB are fantastic. We will take an active role and contribute to the municipality's social development by producing new residentials in the municipality,” says Ilija Batljan, CEO and Founder, Samhällsbyggnadsbolaget i Norden.
“I am pleased that we are continuing to increase our presence in southern Sweden and the Öresund region. We look forward to continuing growing and to developing the excellent work KKB has done with the properties,” says Ola Svensson, Regional Manager Öresund, Samhällsbyggnadsbolaget i Norden.
The properties included in the acquisition:
- Arvid 1, Svens Gränd 2, Kävlinge
- Kristallen 1-3, Nordanväg 26-48, Kävlinge
- Sandhammaren 4, Föreningsgatan, Västra Långgatan and Sjövallagränd, Kävlinge
- Servitutet 2, Möllegatan 11-31, Furulund
Closing takes place on 3 February, 2020.
For additional information, please contact:
Ilija Batljan, CEO, SBB, 070-518 39 67, ilija@sbbnorden.se
Mikael Strand, CEO, KKB Fastigheter, 0734 – 32 36 23, mikael.strande@kkb.se
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.