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2019-06-11 12:28:43

Samhällsbyggnadsbolaget i Norden AB: SBB acquires an elderly care home portfolio, where the Municipality of Boden is the main tenant

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") continues to grow its portfolio of social infrastructure properties through the purchase of seven elderly care homes in Boden.


The total lettable area in the portfolio is approximately 61,900 sq.m. and 96% of the rental income is generated directly from the state, the county council or the municipality where the Municipality of Boden contributes with 90% of total rental income. The elderly care homes are located in central Boden. The average contract length in the portfolio is 12 years plus and rental income is approximately SEK 65 million.

"We are pleased to have entered into this deal in the very expansive region of Luleå-Boden and look forward to commencing a long term relationship with the Municipality of Boden. With this acquisition, we continue 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.

"It is very gratifying that Samhällsbyggnadsbolaget, with its strong expertise and entrepreneurship, chooses to acquire properties in the Municipality of Boden and we look forward to a rewarding long-term collaboration for all of Boden. The fact that SBB is investing in Boden shows our growth potential and our aspirations to continue to grow," says Claes Nordmark, Mayor of Boden.

Closing took place today on June 11, 2019.


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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