The portfolio covers a total of about 41,524 square meters of lettable area in the city of Luleå, Sweden, with an underlying property value of approximately SEK 1.1 billion (approximately EUR 100 million).

"Luleå is a technology cluster with one of Europe's most reputable universities that attracts students and researchers from all over the world. We are very proud to be able to offer student accommodation and thus contribute further to the city's development. By getting Lindbäcks also as owner, we can move forward with our project development," says Rebecka Eidenert, CEO of SBS (Student Housing in Sweden).

Pangea Property Partners advised Lindbäcks Fastigheter AB, while the buyer's advisor was Colliers International and Glimstedt.