SBB sells 23 properties in Sweden for SEK1.35bn

SBB sells 23 properties in Sweden for SEK1.35bn

Nordic real estate company Samhällsbyggnadsbolaget i Norden AB (SBB) has signed an agreement with Gladsheim Fastigheter AB for the sale of 23 properties in Finspång Municipality, Sweden for SEK 1.35 billion.

The properties have a total lettable area of ​​approximately 86,000 sqm, of which 74 percent consists of living space and the remaining part of commercial space.

The properties in Sweden generate annual rental income of approximately SEK 96 million, of which approximately 74 percent comes from residential tenants.

“According to plan, we continue to sell properties to further strengthen the company’s balance sheet and are pleased to hand over the properties to a professional property manager who already has good knowledge of the properties,” said Oscar Lekander, Deputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget i Norden AB.

The deal has been signed and is conditional upon financing. Closing is scheduled to take place on 30 September 2022.