Samhallsbyggnadsbolaget I Norden AB

05/20/2022 | Press release | Distributed by Public on 05/20/2022 05:31

SBB extends lease agreements with existing community service property tenants to an annual rental value of approximately SEK 39m

Published: 2022-05-20 13:30:00 CEST

Samhällsbyggnadsbolaget i Norden AB
Investor News

SBB extends lease agreements with existing community service property tenants to an annual rental value of approximately SEK 39m

Samhällsbyggnadsbolaget i Norden AB ("SBB") extends leases totalling 33,000 sqm for a total of 15 years with the Swedish Police in three locations. In the property Sigtuna 2:227, Väringaskolan in Sigtuna has extended the existing agreement and extended the lease with a new 20-year agreement of 1,800 sqm. In the property Norr 5:10, the Västra Götaland Region has extended its agreement, for the health centre in Hjo, by ten years of 1,800 sqm. The total annual net operating improvement in connection with the extensions is approximately SEK 3.3m and the estimated investment is approximately SEK 38.5m.

"We are very pleased with the continued trust we receive from our existing tenants. SBB works continuously with new leases and renegotiations and this is great proof that our property management is appreciated and constantly delivers," says Annika Ekström, Deputy CEO and Head of Property Management, Samhällsbyggnadsbolaget i Norden AB.

For further information, please contact:
Annika Ekström, Deputy CEO and Head of Property Management, 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.


Attachments:
05207531.pdf

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