Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) sells three community property project properties in Sweden to Hemsö, whereby Hemsö takes over responsibility for the financing of the projects and an office property in Norway with partly public tenants sold to local investors.
“SBB divests project properties that are not part of SBB’s earning capacity and streamlines the portfolio by selling non-core holdings of office properties, which strengthens SBB’s balance sheet and reduces future investment needs. It also feels very good that Hemsö is a buyer of the projects, which ensures long-term and good relations with the tenants “, says Oscar LekanderDeputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget in Norden AB.
Final property value is determined in connection with the completion of the projects.
The transactions have been unconditionally signed by June 30, 2022 and the closures will take place during the third quarter of 2022.
For further information, please contact:Oscar LekanderDeputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget in Norden AB[email protected]
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading real estate company in social infrastructure. The company’s strategy is to own and manage long-term social infrastructure properties in the Nordic region and rental-regulated residential properties in the Nordic region. Swedenand to actively work with property development. Through SBB’s commitment and involvement in social participation and social responsibility, municipalities and other stakeholders find that the Company is an attractive long-term partner. The company’s B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. More information about SBB is available at www.sbbnorden.se.
https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/sbb-divests-three-project-properties-in-sweden-and-an-office-property-in-norway-for-approximately- see, c3595051
https://mb.cision.com/Main/15487/3595051/1599920.pdf
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