Slättö and SIBS forms a SEK 9bn joint venture to build 4,000 sustainability certified apartments in the Nordics

Slättö Förvaltning AB (“Slättö”), a leading manager of alternative investment funds, and SIBS AB (publ), one of the fastest growing home builders in the Nordic region (“SIBS”), today announces a letter of intent to form a Joint Venture between Slättö’s new fund Slättö Value Add II (“SVAII”) and SIBS to develop more than 4,000 apartments from SIBS’ project portfolio.The JV will, to begin with, acquire and develop SIBS’s existing portfolio of wholly owned building rights with a total property value upon completion of approx. SEK 9bn, distributed over 15 projects. Construction will commence