SBB acquires community service properties and rent regulated residentials in Stockholm, Västerås and Helsingborg for an agreed property value of a total of SEK 1.25bn
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires through three separate deals 27 properties in Stockholm, Västerås and Helsingborg with a total lettable area of 40,600 sq.m. The total rental income amounts to SEK 76m with a net operating income of SEK 58m, 85 per cent of the revenue is generated from community service properties and 15 per cent from residentials. The community service properties are mainly used for elderly care homes, LSS housing, schools and a police station and are leased to community service tenants where 60 per cent of the rental income is generated from municipal rental agreements.
"SBB continues to expand in well-located community properties and residentials in Stockholm and the metropolitan regions", says Oscar Lekander, Head of Business Development, Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Oscar Lekander, Head of Business Development, Samhällsbyggnadsbolaget i Norden AB, email@example.com
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.