SBB acquires community service properties in Denmark for an agreed property value of a total of DKK 380m
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has acquired five community service properties: municipal house, schools, care home and university in regional centers: Vejle, Randers, Århus och Ålborg i Denmark. The total rental income amounts to DKK 23m. The total lettable area amounts to approximately 32,000 sqm. The average contract length for the community service properties amounts to just over eight years.
“SBB continues to expand in Denmark. Property for property, we are building Denmark’s largest owner of social infrastructure,” 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.