ARTICLES TAGGED WITH "SBB"

SBB and K2A divest remand prison project in Västerås

Sweden Sweden — SBB and K2A have entered into an agreement to divest the properties part of Ångpannan 10, Ångpannan 12 and part of Västerås 1:202 in Västerås to Intea with an estimated exit during the second quarter of 2025.

Price range set for Sveafastigheter's IPO

Sweden Sweden — The price range per share for Sveafastigheter listing on First North is clear. The price range lands at SEK 39.5–45.5 (EUR 3.41–3.92) per share, which corresponds to a valuation of SEK 7.9–9.1 billion (EUR 681–785 million).

SBB takes financial management in-house

Nordic — SBB has decided to bring the financial management of all its Swedish companies in-house, which has previously been outsourced. This strategic decision is expected to generate annual savings of approximately SEK 25 million (EUR 2.2 million), with full effect from 2026.

"We believe in strong real rent development in the coming years"

Sweden Sweden — SBB-owned Sveafastigheter is heading for the stock exchanging and will thereby become the largest listed Swedish residential. Sveafastigheter’s CEO Erik Hävermark tells Nordic Property News what they are looking to achieve through the listing, about the stock market climate and the timing of listing, the growth plans for the company and why Sveafastigheter won’t be distributed to the shareholders of SBB.

Sveafastigheter intends to list on Nasdaq First North Premier Growth Market

Sweden Sweden — SBB's subsidiary Sveafastigheter intends to be listed on the Nasdaq First North Premier Growth Market. Sveafastigheter also aims to change listing venue to the Nasdaq Stockholm Main Market within 18 months

"We shouldn’t count our chickens before they're hatched"

Nordic — During last week, Stockholm Corporate Finance arranged a Property Seminar. Two profiles from the real estate sphere attending was Fastpartner's CEO Sven-Olof Johansson and SBB's chairman of the board Lennart Sten, who in a panel shared their outlook on the market that awaits.

Synnes: "Is there a reason why Akelius and Tollefsen are so rich"

Nordic — In the past few days, Stockholm Corporate Finance has invited to a Property Seminar. Among the large number of companies present was SBB. CEO Leiv Synnes shared both his view of the company's current position and what he sees as the most attractive segment. He took a swing against at the newspapers coverage of the company. “They have nothing to complain about.”

SBB's game plan when the tide turns

Nordic — The liquidity is at stake and the focus of everything SBB has done and continues to do. At the presentation of the second quarter's results, it was clear which path the company has set out and how they continue forward. And it seems that a rerun is the main option.

Nordiqus secures USD 800 million refinancing

Nordic — The SBB associated company in Education, Nordiqus, has refinanced approximately USD 800 million, corresponding to approximately SEK 8.6bn, of its existing bank debt of SEK 16bn with private placement bonds issued directly in SEK and NOK in the US market. The bonds have maturities of 10 to 15 years. This has been made possible by Nordiqus’ financing receiving an investment grade rating based on infrastructure rating methodology.

"I believe in continued JV structures rather than a bid for the entire company"

Sweden Sweden — Yesterday was dividend day in SBB and tomorrow the company has its annual general meeting where, among others, Lennart Sten is expected to be elected as the new chairman of the board. Nordic Property News discusses the situation for the pressured company with Arctic Securities analyst Michael Johansson.

Status of some of the industry's most stressed companies

Sweden Sweden — SBB is being pressured on the stock market, bankruptcy threatened Oscar Properties is getting ready to release its delayed annual report and Kvalitena is continuing with the reconstruction of the company. Nordic Property News goes thru the current situation regarding some of the industry's most pressured players.

SBB extends lease agreement with Hässleholm Municipality

Sweden Sweden — SBB extends lease agreement of 15 years with Hässleholm Municipality.

The splits of SBB Kåpan Bostad and Unobo are completed

Sweden Sweden — SBB announces that the splits of SBB Kåpan Bostad and Unobo are completed.

"Clearly negative that money is being allocated to dividends right now"

Sweden Sweden — Aktiesparna's analyst Robert Andersson lays out what SBB's latest JV means for the company's pressured liquidity – and how the imminent dividend of over SEK two billion goes against the company's endeavor to improve its balance sheet, but must still be carried out.

SBB and Kåpan signs agreement to divide SBB Kåpan Bostad

Sweden Sweden — SBB has agreed with Kåpan Tjänstepension to divide the jointly owned housing company SBB Kåpan Bostad AB, of which the parties each own 50 percent.

SBB establishes new JV with Castlelake which signs new loan agreement

Nordic — SBB establishes a new joint venture with Castlelake which signs a loan agreement of approximately SEK 5.7 billion (EUR 508 million).

SBB stands by the dividend in June – after that it stops

Sweden Sweden — It was a hopeful Leiv Synnes that presented SBB's Q1 report on Monday, where the company reported a negative but still improved result compared to the corresponding period in 2023 and where the rate of decline in property values has started to slow down precariously. Here, Leiv Synnes tells us more about his positive view of the market, the status of the company's deferred dividend and how they will continue to act to strengthen the company's liquidity.

SBB signs agreement for dissolution of Unobo

Sweden Sweden — As a step in SBB's efforts to eventually dissolve jointly owned residential property structures, SBB has signed a framework agreement with Riksbyggen regarding the dissolution of the joint ownership of the residential property group Unobo AB. Before the split, SBB owns 70 percent and Riksbyggen 30 percent of Unobo AB. SBB aims to coordinate its share of the properties within Unobo AB with Sveafastigheter’s residential portfolio. Riksbyggen continues to manage Unobo AB's portfolio until the end of 2024.

Listing day for SBB's spin-off PPI: "The price for current shareholders will be high"

Norway Norway — SBB's spin-off Public Property Invest (PPI) has now been listed on the Oslo Stock Exchange with the starting price set at NOK 14.50. The deal is worth a total of NOK 1,750 million and the company will initially get SBB's former CEO Ilija Batljan as CEO. Nordic Property News has spoken to savings economist and investment platform Levler's founder Joakim Bornold about why SBB is carrying out the special listing and what it means for the respective futures of both struggling companies.

SBB's associated company PPI announces Intention to Float on the Oslo Stock Exchange

Norway Norway — SBB-owned Public Property Invest (PPI) announces its intention to launch an initial public offering of new shares and apply for a listing on the Oslo Stock Exchange.

SBB wants to Riksbyggen's share in the JV Unobo

Sweden Sweden — SBB intends to buy Riksbyggen out of the jointly owned company Unobo, a company that SBB has owned 70 percent of since 2021. This is evident from a notification to the Swedish Competition Authority, according to Dagens industri.

Sveafastigheter appoints Erik Hävermark as CEO

Sweden Sweden — The board of Sveafastigheter has appointed Erik Hävermark as CEO of Sveafastigheter. He assumes the role of CEO immediately with a continued focus on executing the plan for ownership diversification of Sveafastigheter in 2024. At the same time, previously appointed Martina Lous-Christesen also assumes the role of CFO.

Pareto urges investors to "stay away" from SBB

Sweden Sweden — Pareto Securities repeats its sell recommendation for SBB and lowers the target price to SEK 2.5 from SEK 3.0. This is evident from an analysis that Nordic Property News has taken part in, where the analysis house writes, among other things, that "we continue to recommend investors to stay away and repeat our sell rating"

SBB establishes JV with Castelake

Sweden Sweden — SBB establishes a joint venture for community properties with Castlelake generating cash proceeds to SBB of approximately SEK 5.2 billion (EUR 474 million).

Lennart Sten proposed as new Chairman of SBB

Nordic — The Nomination Committee’s Board of Directors of SBB propose Lennart Sten pas new Chairman. He is proposed to succeed Lennart Schuss who has decline re-election as Chairman, but will continue on the Board of Directors.