SBB's ambition to sell properties totalling SEK 11 billion during the year remains despite Nyfosa awaiting with its acquisition of SBB properties
On 17 January 2020, Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") announced the intention to sell properties for SEK 11 billion, of which the sale of property portfolios with a total property value of approximately SEK 8 billion was to Nyfosa. Nyfosa has decided to postpone the transaction for the time being due to changes in market conditions.
“SBB's plan to sell properties for SEK 11 billion remains firm. We have already sold properties for SEK 1.5 billion this year and we intend to announce further sales shortly,” 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
This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on March 31, 2020, at 18:00 CET.
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.