Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) acquired a large land area close to the sea in Falkenberg in 2016. The area has been developed with four new residential properties with sea views. SBB continues the success and now sells 18,500 sqm of building rights to a consortium led by local entrepreneurs and the local construction company Peterson and Hansson. The price for the building rights is SEK 5,250 per sqm at the time of completion and an additional SEK 2,000 per sqm in connection with the construction being completed. SBB will also receive a 30 percent share in the upcoming profit. Construction is scheduled to commence in 2022.

On the peninsula between the river Ätran and Skrea beach, the new district Bacchus has been established. The first apartments were ready in 2018 and today there are a total of about 135 apartments spread over four buildings.

Bacchus is a new district on an artificial peninsula that was created to produce and store Sweden’s needs for wine and spirits through Vin och Sprit AB. Today, the same peninsula makes it possible to build a completely new district in a unique marine environment with views of the sea, Skrea Beach and Bobergs Cape.

“The establishment of the new Bacchus district in Falkenberg has been a success for SBB. By selling land, we can continue to create opportunities for more people to live in a fantastic environment close to the sea”, says Krister Karlsson, Deputy CEO and Head of Project and Property Development, Samhällsbyggnadsbolaget i Norden.”

For further information, please contact:

Krister Karlsson, Deputy CEO and Head of Projects and Property Development, Samhällsbyggnadsbolaget i Norden AB, [email protected]