SBB and Fernholm & Gustafsson Förvaltning AB (FGF) have completed a sale of a residential property in Nykvarn with an underlying property value of SEK 221 million (approximately EUR 20.1 million). The property contains 115 apartments, and the change of possession takes place during the third quarter. The buyer of the property is the municipality-owned company AB Nykvarnbostäder (NYBO), which has 576 apartments under management and SEK 753 million (approximately EUR 68.6 million) in market value.

SBB has developed the property together with FGF in a JV collaboration, the development included apartment renovations and conversions of secondary areas into housing. Alin & Hedenlund Fastighetsförvaltning AB (AH) has been the responsible developer in the project.

“The property has been developed by AH in accordance with our business plan and is now fully developed. We have previously communicated our focus to carry out sales to strengthen our liquidity, repay debts, and reduce the number of JVs. It is also gratifying that we continue to do business with municipalities and municipality-owned companies,” says Leiv Synnes, CEO of Samhällsbyggnadsbolaget i Norden AB

“It is rewarding to promote growth in the municipality, for us as a quite young housing company. In addition, we are contributing to secure Nykvarn's long-term needs for different forms of housing through this acquisition. So that even more people can live, enjoy life, and grow in Nykvarn,” says Janette Jardefalk, CEO at NYBO.