SBB acquires 367 apartments in the Stockholm region, the majority being acquired in Rinkeby/Tensta and Vallentuna
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") acquires through two deals 367 apartments, of which 257 are located in Rinkeby/Tensta, and 48 apartments in Vallentuna, The deal also includes an LSS property in Täby and two residential properties in Eskilstuna.The total lettable area comprises 32,174 sq.m.of which 3,100 sq.m is let to municipalities of Stockholm, Täby, Eskilstuna and Vallentuna, and 24,789 sq.m. are residential apartments. Total rental income is SEK 41.5 million and net operating income is approximately SEK 26 million.
"We are particularly pleased to have acquired builder family owned apartments in Rinkeby and that we also get a starting portfolio in Vallentuna which enables further acquisitions. With these acquisitions, we pass 10,000 apartments under management, of which 1,750 in the Stockholm region, which with our strong position as the Nordic region's leading player in social infrastructure properties creates continued good opportunities for value creation and growth in net asset value," says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.
The closing takes place preliminary on April 1, 2019.
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. 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), D shares (short name SBB D) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.