The detailed development plan is expected to be adopted in 2026 and relates to part of the property Nacka Sicklaön 13:24. The purchase price amounts to a total of approximately SEK 194 million, of which approximately SEK 44 million relates to development costs. The deal includes 75 parking spaces in the existing garage facility.

The book value of the building rights as of September 30, 2024 was approximately SEK 125 million, which corresponds to approximately SEK 14,000 per square meter of Light Gross Floor Area. The transaction is expected to have a positive effect on earnings of at least SEK 30 million as well as increased liquidity for the jointly owned company. The transaction is made in corporatized form and the exit is planned to take place in connection with the zoning plan gaining legal force.

"The sale is in line with SBB's strategy to develop and realize our building rights portfolio. The collaboration with Genova continues with the aim of developing attractive building rights in Nacka Strand," comments Krister Karlsson, Deputy CEO of SBB.

SBB and Genova started the cooperation in Nacka Strand in 2020 and have since then developed building rights in the area. After the divestment, the jointly owned company, which is owned 50 percent each, holds building rights in various stages of approximately 25,000 sqm Light Gross Floor Area.