SBB has made the largest investment to date in Uppsala through the acquisition of police station
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires a centrally located community service property in Uppsala with The Police Authority, The Public Prosecutor's Office and The Swedish Prison and Probation Service as tenants.
The property Uppsala Svartbäcken 52:9 comprises approximately 23,900 sqm of lettable area and is today fully let. The Police Authority, the Public Prosecutor's Office and the Swedish Prison and Probation Service have all been tenants at the property since it was built in 2004 and the leases run until 2029. Annual rental income for 2021 amounts to SEK 32.6 million, which is adjusted annually by approximately 4.5 percent given that Stibor 3m is 0 percent.
“SBB is Europe's leading owner of social infrastructure and we are very pleased to be able to acquire a well-managed legal center in central Uppsala from a long-term player such as SPP. We intend to continue to grow in Uppsala and hope to be able to present further transactions soon, ”says Oscar Lekander, Business Development Manager at Samhällsbyggnadsbolaget i Norden AB.
Closing took place today, March 12, 2021.
The buyer's advisor in the transaction was Wistrand Advokatbyrå. The seller was advised by Tango and Linklaters.
For further information, please contact:
Oscar Lekander, Chief Business Development Officer 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.