SBB sells properties in Sweden for approximately SEK 150 million

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has sold  two properties in Norrtälje for an agreed property value of approximately SEK 150 million to the property company Genova. The properties that have been  sold are mixed properties containing a vocational upper secondary school and light industry / warehouse. The properties have an estimated net operating income of approximately SEK 7.2 million, the average remaining lease period is approximately 4.3 years.

"Our main focus is to achieve a higher credit rating and this sale of non-core holdings in line with book values further contributes to our opportunities to strengthen the balance sheet," says Oscar Lekander, Deputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget i Norden AB.

The deal has been signed and closing will take place during the second quarter of 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.