SBB in Major Transactions

Nordic SBB carries out several major stores, both acquisitions and sales, in Sweden and Norway. At the same time, the company is conducting targeted issues of D shares.


Share via e-mail

Ilija Batljan. Image: Pixprovider
Ilija Batljan.

SBB buys M2 Asset Management for SEK 1.305 billion (EUR 127M.

SBB sells to a JV, the company cooperates with Klarabo and two properties worth SEK 1.375 billion (EUR 134M).

SBB also sells a development property in Oslo to Union Property Development for MSEK 228 (EUR 22M).

The M2 transaction:

SBB buys 50 properties in Enköping, Sigtuna, Södertälje, Tierp, Tranås, Vaggeryd, Söderhamn and Nässjö. The agreed property value is SEK 1,305 million. Scheduled entry is March 29th. At the same time, M2 (owned by Rutger Arnhult) has subscribed more than 7.25 million D shares in SBB in a directed new issue at a price of SEK 31. At the same time, Klövern (with Rutger Arnhult as CEO and major owner) subscribes to 1.65 million D shares in the issue.

The Klarabo transaction:

SBB sells 1,600 apartments in six resorts - Bollnäs, Borlänge, Ludvika, Malmö, Smedjebacken and Sundsvall - in Sweden to a JV jointly with Klarabo. The properties comprise a total of 123,000 square meters of rented housing and are sold at an agreed property value of SEK 1,375 million.

The JV company will also work actively to grow through both acquisitions and new production. The deal means that SBB and Klarabo expand their cooperation in addition to the construction law development already made in the JV form.

"We are looking forward to deepening our cooperation with Klarabo whose knowledge and experience of renovations further highlights the potential of our residential portfolio," says CEO Ilija Batljan.
Klarabo has also subscribed for new D shares: more than 4.8 million at the subscription price of SEK 31.

"This is an interesting business from a number of perspectives, especially from Klarabo's recently expanded business. We take over a larger stock with predominantly low rents and with a larger ROT potential. We can apply our strategy for processing thanks to upgrading and renovations," says Andreas Morfiadakis, CEO of Klarabo.

Advisers in the store have been JLL and Lindahl.

The Union transaction:

SBB sells an office property with development potential in Drammen, Norway, to Union Real Estate Development. The property with a total rentable area of ​​approximately 5,000 square meters is leased with a remaining contractual length of approximately six years. On the property there is also an attractive building right for the development of another approximately 6,000 square meters of office worth about MSEK 52. Union Property Development acquires the property at an agreed property value of MSEK 228.

"Sales show again that SBB's development properties with strong cash flows are very attractive and liquid. When we now divest the property in Drammen, we are also pleased to sell to Union Real Estate Development, a player with strong local affiliation," says Ilija Batljan.

Nicklas Tollesson

Nordic Cities in Growth Peak

Nordic CBRE's Head of Research Amanda Welander on the foreign interest in Gothenburg, what to look out for in 2019 and which cities in the Nordic countries are some of the top fastest growing in Europe.

Hemsö Owners Provide SEK 1 billion in Equity

Nordic Hemsö increased its equity in January 2019 by SEK 1 billion through shareholder contributions from the company’s owners, the Third Swedish National Pension Fund (AP 3) and AB Sagax. Participating interests in Hemsö were not impacted by the new capital.

"The Norwegian Market is Ahead of the Swedish"

Nordic Carl Zetterqvist at Scandinavian Property Group on the year that exceeded expectations, how the Scandinavian countries differ on the housing market and whether SPG will return to Denmark or not.

After the Success – Thon Tackles the E-Commerce Threat

Nordic CEO Hallgeir Åndal on why they succeed in Sweden and the challenges for Thon's shopping centers in the Nordic countries. "We are restructuring to a great extent."

The Battle of the Towers: The Nordic Countries are Fighting for the Throne

Nordic Nordic Property News lists the highest buildings in the Nordic region – soon the leader will be dropped from the top 3.

"We Will See More Korean Approach to the Nordic Markets"

Nordic South Korean AIP Asset Management made their Nordic entry with a bang – acquiring a 50,000 sqm office building in Copenhagen for EUR 160M. CEO Danny Kim tells Nordic Property News of the investment, when AIP would like to have the next acquisition in the books, potential local partners for the other Nordic markets and why he thinks we will see more Korean investors approach the Nordics going forward.

Foreign Interest Behind Strong Transaction Volume

Nordic The Nordic transaction market is close to a record listing in 2018 – driven by major transactions and foreign interest. Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News about the big foreign interest, which segments are hot and what the developments looks like in 2019.

"We Are Definitely Interested in More Acquisitions"

Nordic Following Catalyst Capitals' Swedish entry, Björn Hallin, from the company's operating partner, NCAP, tells Nordic Property News about the acquisition and the pan-European investor's future in the Nordics.

The Largest Nordic Transactions in 2018

Nordic The Nordic countries saw an eventful 2018 filled with major transactions and company buyouts. Nordic Property News has listed the largest transactions of the past year.

“Hot Investment Trend in 2019 As Well”

Nordic Vonovia bought Victoria Park, EQT Partners made a bid for Stendörren, and Klövern bought both Tobin and Agora – corporate acquisitions have become a trend. Mikael Söderlundh, Head of Research and Partner at Pangea, tells Nordic Property News why the trend will continue in 2019.