Approximately 13,000 sqm of building rights will be developed into an elderly care home, a preschool and 100 residentials with mixed forms of tenancy. In connection with the signing of the agreement, SBB has also agreed to acquire the completed properties upon completion.

“We have a strong focus on increasing our presence in the Gothenburg region and see this as a good step in that direction. We are embarking on a major project with elderly care homes in Gothenburg this year and presenting another investment in elderly care homes in the Gothenburg region further strengthens our position as the Nordic region's leading owner of elderly care homes and LSS properties,” says Oscar Lekander, Head of Business Development at SBB. “When we get into a project early, it gives us good opportunities to actively influence the properties that we will manage in the long term. It increases the value for both us and our future tenants.”

"It feels very good to have a financially strong partner at this stage of the project who also has a very good market knowledge in the segment for community service properties," says Pär Falk, Project Development Manager at Kålltorps Projektutveckling. "Securing both the implementation and administration phase at this early stage provides security for the development of other parts of the project, where we intend to build a further 100 condominiums."

Mölnlyckes Haga is a development project close to public transport links in direct connection with the Mölnlycke urban area. Approximately 600 residentials and a preschool will be a good complement to Mölnlycke city centre. The detailed plan is ongoing and is expected to be adopted before the summer of 2022. Within the same detailed plan, HSB, Tornstaden Projektutveckling and Bråta Ängar fastighets AB will also develop residentials.

Panreal has been the transaction advisor. Delphi in Gothenburg has assisted the sellers and the buyer has been assisted by Wistrand in Stockholm.

The total project volume in the JV is estimated to amount to approximately SEK 500 million.