SBB acquires community service properties in Finland and residentials in the Malmö / Lund region for an agreed property value of a total of SEK 550m
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires a portfolio of nine properties in the educational and care segment from WasaGroup Funds Oy, three additional care properties in Finland through supplementary acquisitions and a portfolio in the Malmö / Lund region consisting of mainly residential properties, a total of 99 apartments. The total rental income amounts to SEK 34.3m with an operating net of SEK 28.2m. The total lettable area amounts to approximately 22,000 sqm. The Finnish properties are primarily located in southwestern Finland. The average contract length for the community service properties amounts to just over 13 years and just over 75 per cent of the properties have been built within the last five-year period.
“SBB continues to expand in our priority segments with a well-managed residential stock in the Malmö / Lund region as well as newly built community service properties in Finland with e.g. 20-year lease agreements with Alkio College in Jyväskylä and Sievi Municipality”, 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, oscar@sbbnorden.se
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. The Company’s preference shares (ticker SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). Further information about SBB is available at www.sbbnorden.se.