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ARTICLES TAGGED WITH "SBB"

SBB Completes First Closing on the Brookfield Deal

Sweden — SBB completes first closing of social infrastructure transaction for public education portfolio with Brookfield and receives SEK 6.6 billion in cash.

Neobo Will Be the New Listed Residential Company in Sweden

Sweden — The stock exchange's largest company focused on residential properties has been named Neobo and will be listed sometime in February 2023. On December 30, the company will be completely spun off from SBB and will then become an independent company that is aiming for an intensive 2023. But in what way? Here the company's CEO Ylva Sarby Westman tells Nordic Property News more about what lies in store.

SBB Signs Large Lease Agreement in Oslo

Norway — The Diakonissehuset Lovisenberg Foundation becomes a new tenant at SBB's hospital at Gardermoen, Oslo. The agreement runs from 1 January 2023, and from the same date the hospital gets a new name, Cathinka Guldberg Hospital, named after the foundation's founder.

S&P Affirms SBB’s Investment Grade Rating BBB- with Negative Outlook

Sweden — S&P Global Ratings has today affirmed SBB’s investment grade rating BBB- with negative outlook.

SBB Makes Blockbuster Sale – Divests 49 Percent of the Social Infrastructure Portfolio

Nordic — SBB sells a 49 percent stake in its social infrastructure portfolio for public education to Brookfield for SEK 9.2 billion in cash with an additional earn-out of up to SEK 1.2 billion in cash.

SBB Recruits Treasury Director

Sweden — SBB is recruiting Helena Lindahl to the role of Treasury Director with the task of being responsible for SBB's borrowing and profile towards the credit markets, nationally and internationally.

Malin Axland Is Appointed Head of Legal at Amasten

Sweden — After Ylva Sarby Westman was appointed as CEO and Maria Strandberg as CFO, Amasten strengthens its team with another former Kungsleden profile when Malin Axland is appointed Head of Legal.

Kåpan Exercises its Option and Buys SBB's Share in Svenska Myndighetsbyggnader

Sweden — Kåpan Pensioner today exercises its option and buys SBB's share in Svenska Myndighetsbyggnader AB and thereby becomes 100 percent owner of the company on 21 November 2022. In connection with the acquisition, Svenska Myndighetsbyggnader changes its name to Kåpan Fastigheter AB.

Maria Strandberg Appointed CFO at Amasten

Sweden — SBB's Amasten makes another executive recruitment. After appointing Ylva Sarby Westman as CEO last week, the company now adds Maria Strandberg to the position of CFO.

Ylva Sarby Westman Signs on as CEO – Here Are the Plans for SBB's New Residential Company

Sweden — Ylva Sarby Westman steps back into the industry as the new CEO of SBB's subsidiary Amasten – which will change its name before the spring IPO. Ylva Sarby Westman tells Nordic Property News about what attracted her to the new role, how the new residential company will be designed and how to assert herself on the housing market in economically vulnerable times.

Ylva Sarby Westman Appointed CEO of SBB’s Subsidiary Amasten

Sweden — The Board of Samhällsbyggnadsbolaget i Norden’s subsidiary, Amasten Fastighets AB, has appointed Ylva Sarby Westman as CEO and she takes up her position effective immediately.

SBB Ready to Decrease JV Share – Here Are Their Extensive JV Holdings

Nordic — SBB continues its work to strengthen the balance sheet and intends to systematically reduce its holdings in Joint Venture operations - most recently by selling its share in the SKF project in Gothenburg to the JV partner Aspelin Ramm. Nordic Property News takes a closer look at SBB's extensive JV holdings.

SBB Appoints Head of Investor Relations to Amasten

Sweden — Johan Bergman has been appointed as Head of Investor Relations. He will take up his position today. Johan has previously worked with preparing Amasten for a listing change to Nasdaq's main list and has extensive IR experience, including as Head of Investor Relations at NCC AB.

SBB Makes Large Gothenburg Divestment to Aspelin Ramm

Sweden — SBB divests a JV-company and an office property to Aspelin Ramm Fastigheter for SEK 700 million.

SBB Expecting Major Influx of Capital in Q4

Nordic — SBB is in the final sprint with regard to the divestment of the nine billion portfolio for which it signed a letter of intent at the beginning of September. In addition, additional sales of just over SEK 4.5 billion will be completed during the last quarter of the year, according to CEO Ilija Batljan. The SBB CEO comments on the significance of the large capital injection and how the company will continue to act in the market going forward.

SBB Wants to Increase Focus on Social Infrastructure Properties

Sweden — SBB is evaluating the possibility of distributing a residential company to the shareholders.

SBB Sells for MSEK 186

Sweden — Samhällsbyggnadsbolaget i Norden is divesting seven properties in different Swedish municipalities in three different transactions. The sale price amounts to approximately SEK 186 million after deductions for overheads and deferred tax of a total of approximately SEK 11 million.

Krister Karlsson Named New COO at SBB

Sweden — Krister Karlsson has been appointed as the new chief operating officer, COO, at Samhällsbyggnadsbolaget in Norden. He succeeds Oscar Lekander, who is leaving the management team and who will continue to work on completing transactions and special projects.

SBB's Sales Rally Set to Continue: "Best for Our Shareholders"

Sweden — SBB has sold for more than SEK 15 billion so far in 2022 and the time for divestments is not yet over. CEO Ilija Batljan tells Nordic Property News about the company's latest major sale, what the cash injection will be used for and how he views the financing market right now.

SBB Signs LOI Regarding a SEK 9 Billion Divestment

Nordic — SBB has signed a letter of intent to divest a property portfolio at an agreed property value of approximately SEK 9 billion. The buyer is an institutional investor.

SBB Signs a 25-year Municipal Lease for a Preschool in the Municipality of Säter

Sweden — SBB has signed a 25-year lease with the Municipality of Säter regarding a new preschool in Skönvik for 120 children. This is the starting point for community development in Skönvik with housing and community services, the preschool is expected to be completed in 2024.

Sizes Declare Bankruptcy after SBB's Stopped Projects

Sweden — The developer Sizes, which has SBB on the owner list with around 26 percent, has declared bankruptcy.

SBB Has Reduced Its Exposure to Floating Interest Rates

Sweden — SBB has reduced its exposure to floating interest rates from 35 percent at the end of the second quarter of 2022 to 25 percent as at today's date.

SBB has Sold its Entire Holding in Stenhus

Sweden — SBB has sold its entire holding in Stenhus Fastigheter, CEO Ilija Batljan wrote on Twitter on Tuesday afternoon.

Why it Is Important for SBB to Keep the High Divestment Rate

Nordic — Despite the divestments: SBB's loan-to-value ratio increased in the second quarter. Ilija Batljan, CEO, explains why, and how the strategy work going forward is affected by the increased inflation and interest rates.