SBB sells building rights and acquires community service buildings

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Samhällsbyggnadsbolaget i Northen AB (publ) (“SBB”) sells building rights for residential properties in Höganäs to K-Fast Holding AB (publ) (“K-Fastigheter”) for a total of approximately 50 million Swedish crowns. Building rights are created within existing SBB residential buildings. The closure will take place when the zooning plan becomes legally binding.

SBB also acquires two kindergartens in Kristianstad and an LSS building (home for people with certain functional disabilities) in Hässleholm from K-Fastigheter for 50.8 million Swedish crowns. The total remaining term of the leases is approximately 18 years and the leases are 100% CPI adjusted.

“Our real estate development team is constantly creating building rights within our existing properties, some building rights are used for our own production and some we sell to third parties. In the transaction with K-Fastigheter, the building rights were essential to being able to acquire two community service properties with stable long-term leases.Our building rights are used to purchase long cash flow in this case and we expect more transactions where we sell building rights for cash payment or in exchange for secure cash flow,” says Oscar LekanderDeputy Managing Director and Chief Operating Officer, Samhällsbyggnadsbolaget i Northen AB.

For more information, please contact:

Oscar LekanderDeputy Managing Director and Chief Operating Officer, Samhällsbyggnadsbolaget i Northen ABoscar@sbbnorden.se

Samhällsbyggnadsbolaget i Northen AB (publ) (SBB) is the leading social infrastructure real estate company in the Nordic region. The Company’s strategy is to own and manage long-term social infrastructure properties in the Nordics and regulated re-entry residential properties in Sweden, and actively working on real estate development. Thanks to SBB’s commitment and commitment to community involvement and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. Series B (SBB B ticker) and D (SBB D ticker) shares of the Company are listed on Nasdaq Stockholm, Large Cap. Further information on SBB is available at www.sbbnorden.se.

https://news.cision.com/samhallsbyggnadsbolaget-i-norden-ab/r/sbb-sells-building-rights-and-acquires-community-service-properties,c3562756

https://mb.cision.com/Main/15487/3562756/1576464.pdf

(c) Decision 2022. All rights reserved., sources Press Releases – English


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