SBB divests residential property in Örebro to an agreed property value of SEK 400 million

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") is selling the residential property Gasugnen 24 in Örebro to Husherren at an agreed property value of SEK 400 million. The property has a total lettable area of ​​10,543 sqm, of which 9,023 sqm consists of residentials. Total rental income for 2022 excluding surcharges is estimated at SEK 20.3 million.

"We have had challenges in achieving sufficient management volume in residential properties in Örebro and our main priority now is strengthened credit ratios. It also feels important that the buyer is a professional and long-term local property manager. The agreed property value in the transaction is in line with the book value," comments Oscar Lekander, Deputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget i Norden AB.

The deal has been signed and closing will take place on 29 August, 2022.

For further information, please contact:
Oscar Lekander, Deputy CEO and Chief Operating Officer, 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.