SBB acquires a larger portfolio of preschools from Norwegian Trygge Barnehager for an agreed property value of 4,580 MNOK. The annual rental income is NOK 262 million. There are 142 properties included in the deal with the equivalent of approximately 110,000 sq.m. of building area and 677,000 sq.m. of plot area. Trygge Barnehager signs a 25-year lease with the possibility of extension for up to 45 years. Approximately 92 percent of the property value is located in the Norwegian metropolitan regions with a strong focus on Oslo.

“We are very grateful to be able to acquire the fine portfolio that the founders Eli and Sigurd have built up over a long period of time and to be able to continue working with the sellers who are now long-term tenants of SBB. SBB is responsible for bricks and mortar so that the municipalities and the private contractors can focus on the welfare society's core activities. We also have the financial capacity to continue to support the expansion of important social infrastructure together with the segment's operators. SBB with its more than 150,000 shareholders will last for generations, which is absolutely central to a long-term sustainable social infrastructure, which the segment's sellers have also begun to attach increasing importance to. Furthermore, the deal confirms our great commitment and belief in the Norwegian market and our willingness to take responsibility for the most important people in society and after the acquisition, approximately ten percent of all preschool children in Norway will go to a preschool owned and managed by SBB every day,” says Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

“We are very satisfied with a transaction that further strengthens Trygge Barnehager as a robust company for the future. We look forward to being able to focus even more on daycare operations in the future together with our employees," say the founders Sigurd Aase and Eli Sævareid in Trygge Barnehager.

Signing took place today on 10 December, 2021 and completion is due to take place on 13 December, 2021.

SBB's advisers in the transaction have been Arctic Securities and Advokatfirmaet Thommessen AS.