SBB acquires schools from the City of Stockholm for SEK 1.46 billion

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires seven school properties in Stockholm with a total lettable area of ​​39,400 sq.m. from the municipal company SISAB. The total rental income amounts to SEK 59m, 90 per cent of the revenues are generated from primary schools and ten per cent from preschools. SBB will offer existing tenants lease extensions of ten years. The deal is conditional on a decision by Stockholms Stadshus AB and the City Council in the City of Stockholm.

"SBB continues to expand in well-located community service properties in Stockholm with building rights potential. SBB is very happy and proud to once again receive the trust from the City of Stockholm and SISAB to continue managing the portfolio," comments Oscar Lekander, Deputy CEO and COO, Samhällsbyggnadsbolaget i Norden AB.

For further information, please contact:
Oscar Lekander, Deputy CEO and COO, 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. Further information about SBB is available at www.sbbnorden.se.