Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) continues to grow its portfolio of social infrastructure properties through the purchase of 14 assets from Hemsö that include elderly care homes, health centres and education properties located in Stockholm and Västra Götaland for approximately SEK 1.2 bn.
The portfolio is located mainly in Stockholm (60%) and 94% of the rental income is generated from activities financed by public funds, of which 61% come directly from the state, county council or municipality with a focus on care and education facilities. The average contract length in the portfolio is 6.8 years and rental income is SEK 79.7 million. The total lettable area in the portfolio is 56,000 sq.m.
“We are pleased to have entered into this deal with Hemsö, which we believe own a high quality property portfolio. With this acquisition, we continue to strengthen our position as the Nordic region’s leading listed player in social infrastructure and strengthen our property management in Stockholm and the Västra Götaland region,” says Ilija Batljan, CEO and founder of Samhällsbyggnadsbolaget i Norden AB.
Closing will take place on May 27, 2019.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]