Samhällsbyggnadsbolaget i Norden AB moves property management in-house and purchases the property management company Hestia Sambygg AB
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) creates in-house property management organisation. SBB will purchase all shares in the property management company Hestia Sambygg AB from the current owners.
Since SBB’s establishment, Hestia Sambygg AB has been responsible for the management of the Group’s property portfolio. Hestia Sambygg AB was founded and jointly owned by Ilija Batljan Invest AB and Investmentaktiebolaget Kybele. The acquisition will follow two steps: firstly SBB will acquire 49% of the shares in Hestia Sambygg AB from Ilija Batljan Invest AB for SEK 1, and secondly the company will acquire 51% of Hestia Sambygg AB's shares in Kybele for SEK 20m plus compensation for already contracted financial managements including the second quarter of 2018.
"After rapid growth, SBB has succeeded in establishing a strong position, with focus on consolidation during 2018. We are now taking over a well-functioning property management organization, and building this competence and functions within the company. Together with the important recruitments of Lars Thagesson and Jonny Göthberg, this further supports our goal of becoming the largest player in the Nordic region focusing on community service properties." comments Ilija Batljan, CEO and founder of the Samhällsbyggnadsbolaget i Norden AB.
Jonny Göthberg replaces Stefan Björkqvist in the role of head of property management in connection with the new in-house property management organization. Peter Olausson is head of residential and Karl-Erik Larsson is head of community service properties. Lars Thagesson, Deputy CEO and COO, has the overall responsibility for property management within the group management team.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on March 26, 2018, at 11.30 CET.
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. SBB was named the winner of the 2017 Real Estate Company of the year Award. The company’s series B shares (short name SBB B) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Remium Nordic Holding AB (www.remium.com). More information about the company is available at www.sbbnorden.se.