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2019-06-04 07:45:00

Samhällsbyggnadsbolaget i Norden AB: SBB acquires 48,000 sqm residential properties and social infrastructure properties in southern Sweden

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") continues to grow its portfolio of social infrastructure properties through the purchase of 48,000 sq.m. of rent regulated residentials and social infrastructure properties. All 451 apartments are located in attractive and central locations in Malmö-Limhamn, Staffanstorp, Höganäs and Helsingborg. The purchased portfolios also include 25,000 sqm properties with a potential for developing building rights.


Rental income is SEK 73.9m and net operating income is SEK 53.3m.

"During the last few weeks we have strengthened our position in the largest cities in the Nordics and this acquisition in the Malmö region continues to strengthen our position as the Nordic region's leading listed player in social infrastructure," says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.


For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se


About Samhällsbyggnadsbolaget i Norden AB (publ)

The company's strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company's series B shares (short name SBB B), D shares (short name SBB D) and preference shares (SBB PREF) are listed on Nasdaq First North Premier. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se/ +46 84638300). More information about the company is available at www.sbbnorden.se.


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