SBB invests in newly constructed social infrastructure in the Greater Stockholm region with a WAULT of 13 years
Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquires a portfolio of newly constructed educational properties in Greater Stockholm from Turako for an agreed property value of SEK 283 million.
The properties with 6,942 sqm lettable area comprise of three properties containing premises for both preschool and elementary school are located in the municipalities of Nacka and Huddinge. The tenants are leading private publicly funded welfare providers. Estimated annual NOI is SEK 14.1 million and the WAULT is 13 years.
“The Stockholm region is one of Europe's strongest regions, where we are now continuing to strengthen our already leading position within social infrastructure. Turako has developed three highly qualitative properties that we are grateful to be able to acquire and continue to manage.”, 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, 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.