In addition, SBB has entered into a cooperation agreement with Svenska Stadsbyggen for the construction of six elderly care homes with a total area of approximately 43,000 sq.m. and an annual rental value of approximately SEK 81.5m, generating a net operating income of approximately SEK 76m.
SBB has also entered into agreements (of approximately SEK 1.1bn) and letters of intent (of approximately SEK 0.6bn) to sell non-strategic properties for approximately SEK 1.7bn. The sales amount exceeds the most recent external valuations (as per 31 March 2021) by approximately 13 percent.
“This is the largest elderly care home transaction made in the Nordics. SBB continues to be transaction intensive, where we strengthen our portfolio through the acquisition of elderly care homes with long leases and Swedish rent regulated residentials, and divest non-strategic properties consisting primarily of public office buildings. The transactions once again show the ability of Europe's strongest real estate team to deliver results from our value-add strategies,” says Oscar Lekander, Head of Business Development, Samhällsbyggnadsbolaget i Norden AB.
Closing is expected before the end of the second quarter 2021.