SBB has entered into an agreement with Oscar Properties Holding AB to sell a SEK 1.4bn property portfolio including SBB’s joint venture Valerum
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has entered into an agreement, subject to financing, with Oscar Properties Holding AB publ (”Oscar Properties”) to sell a property portfolio for SEK 1.4bn (the ”Sale”). The Sale includes two office buildings directly owned by SBB and the remainder consists of SBB’s 50 per cent joint venture Valerum.
The total property value of SEK 1.4bn is in line with the latest external valuation. The Sale is conditional upon Oscar Properties receiving the necessary debt financing and an equity injection.
”SBB’s transaction team continues to deliver sales with the ambition that SBB will achieve a BBB+ rating”, says Oscar Lekander, Chief Business Development Officer, Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Oscar Lekander, Chief Business Development Officer Samhällsbyggnadsbolaget i Norden AB, firstname.lastname@example.org
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: email@example.com / +46 84638300). Further information about SBB is available at www.sbbnorden.se.