SBB Buys Schools in Stockholm for SEK 1.46 Billion

Västerholmsskolan, one of the concerned schools.

Image: Ingemar Edfalk

SBB Buys Schools in Stockholm for SEK 1.46 Billion

Sweden — SBB acquires seven school properties in Stockholm with a total lettable area of 39,400 square meters from the municipal company SISAB. The total rental income amounts to SEK 59 million, 90 per cent of the revenues are generated from primary schools and ten per cent from preschools.

2021-12-09

SBB will offer existing tenants lease extensions of ten years. The deal is conditional on a decision by Stockholms Stadshus AB and the City Council in the City of Stockholm.

"SBB continues to expand in well-located community service properties in Stockholm with building rights potential. SBB is very happy and proud to once again receive the trust from the City of Stockholm and SISAB to continue managing the portfolio," comments Oscar Lekander, Deputy CEO and COO, Samhällsbyggnadsbolaget i Norden AB.

Anthon Näsström

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