In two transactions with different buyers, Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") is selling nine properties (public offices and judical properties) for an agreed property value of approximately NOK 1,200m. Agreed property values are approximately 20 percent above external valuations as of Q4 2020 and approximately 4 percent higher than external valuations as of Q1 2021.
“The transactions once again show the liquidity of our assets and the unique abilty of our Real Estate M&A team to create value. The sales of properties in the public office and judicial segments are completely in line with SBB's focus on properties for care, school and elderly care and to achieve a BBB+ credit rating. We have now sold for a total of approximately NOK 2,200m in Norway in 2021 for agreed property values approximately 20 percent above the turn-of-the-year valuations and 11 percent above the Q1 2021 valuations, which shows the strong Norwegian market and value potential in SBB's portfolio,” says Oscar Lekander, Head of Business Development at Samhällsbyggnadsbolaget i Norden AB.
For further information, please contact:
Oscar Lekander, Head of Business Development, 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. Further information about SBB is available at www.sbbnorden.se.