SBB acquires two community service properties in Gothenburg from Wallenstam

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires two centrally located community service properties let to school operators from Wallenstam for an agreed total property value of SEK 380 million.

The property Nordstaden 24:11 covers approximately 4,200 sqm and is today fully let. The largest tenant is Vittraskolorna. The property Inom Vallgraven 64:31 comprises approximately 1,700 sqm. The tenant is Kita's Education, which rents the entire area.

“SBB is the Nordic region's largest owner of community service properties and we are pleased to buy two well-managed school properties in central Gothenburg from a long-term player such as Wallenstam. We look forward to finding further opportunities for collaboration with Wallenstam in the future,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

“It is very pleasing to be able to carry out this deal with SBB, where we sell two well managed properties with educational facilities that we have owned, managed and developed for a number of years. It feels good that SBB, with its focus on community service properties, is now taking over these,” says Hans Wallenstam, CEO of Wallenstam.

Completion will take place on 1 April 2021.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@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.