For SBB, project and property development entails developing building rights and the development of properties to be managed by the company itself and where the contractor assumes complete responsibility for the implementation of the project. Project and property development within SBB is to generate an average annual profit of SEK 500 – 700m over a business cycle.
In line with the UN’s global sustainability goals, as part of SBB’s sustainability initiative, Vision 2030, SBB’s project and property development centres on locations close to transport hubs, where land that has already been exploited is refined rather than taking up important green areas. SBB is driven by modern housing enabling people to live without needing a car of their own, with it being necessary for transport options, local services, healthcare, schools and residential care to be available in the vicinity. Most of SBB’s development properties are located close to designated priority transport hubs, such as commuter rail stations and key regional rail hubs. In addition, most of the development projects include housing, as well as schools, elderly care units and other community services.
To contribute to urban development and to secure production resources, in several cases SBB has entered into joint ventures with the buyer of the building rights for the development of the building rights and in some cases joint ventures to jointly develop building rights.