Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) has signed letter of intent for the sale of three property portfolios with primarily public offices with an agreed property value of SEK 2,001 million. The agreed property value corresponds to a premium of 12 percent compared to book values as of December 31, 2020.
“Sales of primarily public offices are in line with our focus on elderly care homes, schools and rent-regulated Swedish residentials. These sales help strengthen SBB’s journey towards a BBB+ credit rating. The sales are also proof of our ability to deliver additional value from one of our value-add strategies, real estate transactions. At the same time, the transactions show the attractiveness and liquidity of properties with government-backed income, ”says Oscar Lekander, Business Development Manager.
For further information, please contact:
Oscar Lekander, Chief Business Development Officer Samhällsbyggnadsbolaget i Norden AB, [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 rentregulated 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. The Company’s preference shares (ticker SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: [email protected] / +46 84638300). Further information about SBB is available at www.sbbnorden.se.