SBB sells an office property in Umeå for SEK 300 million

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) is selling the property Höder 7 in Umeå for SEK 300 million, which is in line with the latest external valuation. The property has a lettable area of ​​approximately 10,500 sqm. Total rental income for 2022 amounts to SEK 18,870,000.

"SBB is divesting non-core holdings in line with our strategy to streamline our property portfolio and further strengthen our balance sheet," comments Oscar Lekander, Deputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget i Norden AB.

The deal has been signed and closing will take place on 1 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 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. Further information about SBB is available at www.sbbnorden.se.