Samhällsbyggnadsbolaget i Norden has signed letter of intent for the sale of three property portfolios with primarily public offices with an agreed property value of SEK 2,001 million. The agreed property value corresponds to a premium of 12 percent compared to book values as of December 31, 2020.
“Sales of primarily public offices are in line with our focus on elderly care homes, schools and rent-regulated Swedish residentials. These sales help strengthen SBB's journey towards a BBB+ credit rating. The sales are also proof of our ability to deliver additional value from one of our value-add strategies, real estate transactions. At the same time, the transactions show the attractiveness and liquidity of properties with government-backed income, ”says Oscar Lekander, Business Development Manager.