SBB signs agreement for the construction of a social infrastructure property in Borlänge with 20-year municipal lease agreements
Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) invests in a social infrastructure property in the city of Borlänge from Magnolia Bostad with an elderly care home, LSS housing, home care offices and a pre-school. The property has four 20-year leases with Borlänge municipality with a total rental income of about SEK 16m. The construction of the property is expected to be completed during the latter part of 2022 and the assessed property value at completion is approximately SEK 335m.
”The property with 20-year municipal leases is a great fit with our portfolio of social infrastructure properties where approximately 90 per cent of the rental income is financed by the Nordic welfare states. We believe that the combination of elderly care homes, a pre-school, LSS housing and home care is an efficient solution to the large upcoming needs of public care. We have several ongoing discussions about similar concepts with different Nordic municipalities”, says Oscar Lekander Chief Business Development Officer, Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se
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: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.