Samhällsbyggnadsbolaget i Norden sells building rights for residential properties in Höganäs to K-Fastigheter for a total of approximately SEK 50 million. The building rights are created within SBB's existing residential properties. Closing will take place when  the zooning plan becomes legally binding.

SBB also acquires two preschools in Kristianstad and an LSS property (a home for persons with certain functional impairments) in Hässleholm from K-Fastigheter for SEK 50.8 million. The total remaining lease term is approximately 18 years and the leases are 100 percent CPI adjusted.

“Our property development team continuously creates building rights within our existing properties, some building rights are used for own productionand some we sell to external parties. In the transaction with K-Fastigheter, the building rights have been key  to be able to acquire two community service properties with long stable lease agreements. Our building rights are used to buy long cash flows in this case and we expect more deals where we sell building rights for cash payment or in exchange for safe cash flows,” says Oscar Lekander, Deputy CEO and Chief Operating Officer, Samhällsbyggnadsbolaget i Norden AB.

“We are glad to be able to continue to work according to our business model of developing, building, and managing our concept buildings through this deal. SBB is skilled in community real estate, which feels good considering that the properties we are exchanging, includes one special accommodation and two preschools. Together with SBB, we can pursue the zoning plan in Höganäs for apartments that suits us perfectly, this is a good complement to our existing rental apartments in Höganäs,” says Magnus Persson, Business Development Manager at K-Fastigheter.