Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has during November agreed to sell five properties in Västervik, Fagersta and Halmstad. The sales are carried out in line with the latest external valuation totalling SEK 330 million. The buyers are Västervik municipality, Fagersta municipality and a local property company. The properties consist of offices and retirement homes where the primary tenants are the respective municipalities. The transactions involve a liquidity contribution of approximately SEK 230 million.
“We see a continued strong interest from municipalities in acquiring properties from SBB. We have completed several municipal transactions during the year and our ambition is to make more transactions with municipalities and private tenants to strengthen the company’s financial position,” says Leiv Synnes, CEO of SBB.
For further information, please contact:
Helena Lindahl, Treasury Director, [email protected], [email protected]
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.