SBB sells 23 properties in Finspång Municipality at an agreed property value of SEK 1.35 billion

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) is selling 23 properties in Finspång Municipality to Gladsheim Fastigheter AB. The properties have a total lettable area of ​​approximately 86,000 sqm, of which 74 percent consists of living space and the remaining part of commercial space. The properties generate annual rental income of approximately SEK 96 million, of which approximately 74 percent comes from residential tenants.

The total agreed property value of SEK 1.35 billion before deduction of deferred tax is in line with the book value.

"According to plan, we continue to sell properties to further strengthen the company's balance sheet and are pleased to hand over the properties to a professional property manager who already has good knowledge of the properties," says Oscar Lekander, Deputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget i Norden AB.

The deal has been signed and is conditional upon financing. Closing is scheduled to take place on 30 September 2022.

For further information, please contact:
Oscar Lekander, Deputy CEO and Chief Operating 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 rentregulated 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. Further information about SBB is available at www.sbbnorden.se.