SBB acquires social infrastructure properties in Sweden and Finland
Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") continues to grow its portfolio of social infrastructure properties through an acquisition in three different portfolios, where the sellers remain as tenants in the acquired properties. The portfolio contains LSS and group housing for people with special needs, with an average contract length of 16 years.
The acquisition includes 20 properties of which fifteen in Sweden and five in Finland with a total lettable area of 11,600 sq.m.
The agreed property value of the portfolio amounts to SEK 320m with a rental income of SEK 21m and NOI of SEK 19m.
“SBB shows yet again that we are the Nordic region’s leading player in social infrastructure,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget I Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, firstname.lastname@example.org
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) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: email@example.com / +46 84638300). More information about the company is available at www.sbbnorden.se.