The property is located in Bromma near Alviks metro station. The property was originally used for student housing but is today operated as a long-stay hotel and is fully let to Forenom Group Oy. The property has a total lettable area of ​​approximately 7,000 square meters and today consists of 182 smaller apartments with private bathroom and kitchen or kitchenette. In the property there are common areas where the residents can hang out or study, a gym and a restaurant. The property currently has a rental value of approximately SEK 15 million.

The acquisition is financed through bank financing and a directed new issue of shares in SBS to the seller Estea. The preliminary purchase price, including redemption of Group debt, amounts to a total of approximately SEK 93.9 million, of which approximately SEK 8.9 million is paid in cash and SEK 85 million is paid through an issue of new shares in SBS.

The shares will be issued at a subscription price corresponding to SBS 'volume-weighted average price on Nasdaq First North Premier during the 20 days immediately preceding the takeover date.

"SBS is a growth company that is now making its third acquisition since the turn of the year and the company has largely doubled its property value every year since 2018. We are constantly monitoring the market for profitable acquisitions that can complement our existing portfolio. Akka 10 contributes with a stable cash flow from the start and exciting development opportunities in the long term," comments Sofia Folstad, CFO of SBS.

"We have worked with the development of this property in recent years and we are now handing over to SBS. The property fits well into SBS 'portfolio and as a new shareholder in SBS, we now look forward to following the continued development of the property and the company," comments Johan Eriksson, CEO, Estea AB.