Samhällsbyggnadsbolaget i Norden AB sells 20,000 sqm GFA building rights
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) sells building rights for construction of rent regulated residential housing to a development company jointly owned with KlaraBo. After completion, KlaraBo will acquire the properties at market value.
In summary, the building rights cover approximately 20,000 sqm GFA and are sold at an average price of approximately SEK 3,200/sqm GFA. The building rights are located in Höganäs, Karlskrona and Falun and will be developed into rent regulated residential housing with low rents.
"Our property development continues to help to reduce housing shortages in the residential segment where shortage is the greatest. The deal also shows the attractiveness of our building rights despite an uncertain market." comments Ilija Batljan, CEO and founder of Samhällsbyggnadsbolaget i Norden AB.
"This is KlaraBo's biggest transaction so far and we expect to be able to build approximately 250 apartments on the sites. It is a great pleasure to have the opportunity to be involved in this transaction and have SBB as a partner. We look forward to continued beneficial and rewarding cooperation with SBB, which will also help improve the housing situation in Sweden." says Andreas Morfiadakis, CEO of KlaraBo.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.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. 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.