The portfolio comprises the properties Uranus 2 and Vulkanus 15 in Borås, together with Halmstad 6:48, Koljan 9, Rudan 5, Sankt Nikolaus 19, Slottet 4, Svartmunken 1 and Österskans 2 in Halmstad. The total agreed property value of SEK 1,160m exceeds the book value in Q1 2020 by 7 per cent and exceeds Hemfosa's valuation from Q3 2019 by 16 per cent. SBB has thus far divested properties for a value totalling SEK 5.73 billion since 23 December 2019.

“SBB's real estate portfolio is among the most liquid in the market. We are continuing to experiencing a high demand for our cash flow properties and we feel comfortable in that we will be able to continue to deliver divestments with the ambition to achieve a BBB+ rating within the next 12 months”, says Ilija Batljan, CEO and Founder of SBB.

The transaction is unconditional and completion will take place no later than 30 October 2020.