ARTICLES TAGGED WITH "SBB"

SBB Increases Focus on Housing for the Elderly

Nordic — SBB intends to double the value of properties for housing for the elderly in the Nordic region within two years to approximately SEK 20 billion. In the current property portfolio, the Swedish tenants are 75 per cent public actors with an average lease period of just over seven years.

SBB Launches Enhanced Tender Offer to Acquire Entra

Norway Norway — SBB announces the launch of its revised tender offer to acquire all outstanding shares in Entra.

Entra Receives an Improved Offer from SBB

Norway Norway — The board of directors of Entra notes that SBB has announced an intended new voluntary offer with improved terms.

SBB Acquires Two Community Service Properties from Wallenstam

Sweden Sweden — Samhällsbyggnadsbolaget i Norden acquires two centrally located community service properties let to school operators from Wallenstam for an agreed total property value of MSEK 380.

SBB Acquires 54.3 percent of the Shares and Votes in Offentliga Hus

Sweden Sweden — SBB acquires 54.3 of the shares and votes in Offentliga Hus from Fastator. The total purchase price for all shares in the transaction amounts to SEK 2.139 billion.

SBB Makes Sizeable Investment in Regulated Residential

Sweden Sweden — SBB is building 640 rent regulated residentials comprising approximately 31,352 sq.m. BTA in Västerås, Nykvarn, Skellefteå and Växjö and is investing SEK 1.2 billion with an annual operating net of SEK 55.8 million.

Timeline: The Battle of the Norwegian Giant

Norway Norway — SBB, Castellum or status quo? Difficult to follow the different turns in the Entra affair? Nordic Property News has pointed out some key dates during the last couple of weeks, when the Swedish property giants have fighted for a major impact in Norway’s largest listed company, Entra.

SBB Withdraws from Entra Offer due to DD Process

Norway Norway — SBB has since the offer was made undertaken work in relation to the closing conditions set out in the offer.

SBB’s CEO on Entra’s Claim to Be a Competitor: ”Nonsense”

Norway Norway — The bidding war for the Norwegian real estate company Entra took another turn on Wednesday when SBB chose to withdraw its bid. Ilija Batljan, CEO of SBB, tells about, from his point of view, the unfair treatment from Entra.

Entra Largest Owner Declines Bids from Castellum and SBB

Norway Norway — The Norwegian pension fund Folketrygdfondet - which owns 11.8 percent of Entra - says no to both Castellum's and SBB's bid for the company.

“We Would Be One of the Largest Companies in Europe”

Norway Norway — Henrik Saxborn on the vision for the potential giant company, what changed during the day after the first terminated discussions with Entra, and how he views a possible bidding competition.

SBB Initiates Due Diligence of Entra

Norway Norway — SBB has now signed the appropriate NDA with Entra to initiate a due diligence.

SBB Still on Track: Launches Voluntary Offer to Acquire Entra

Norway Norway — SBB launches voluntary offer to acquire Entra ASA to create the leading European social infrastructure player.

Why Norway Attracts the Swedish Heavyweights

Norway Norway — The competition of Entra continues. Mikael Söderlundh, Head of Research and Partner at Pangea Property Partners: ”This has been a game changer.”

The Board of Entra Declines SBB's Major Bid

Norway Norway — "While the board appreciates the interest in Entra, the board has concluded, and already conveyed to SBB prior to the announcement, that the potential offer will not be recommended."

SBB Intends to Acquire Entra's Shares

Norway Norway — The board of directors of Entra informs that it has received interest that may or may not lead to an offer for the shares in the company.

SBB Acquires Properties in Skellefteå for SEK 1.3 Billion

Sweden Sweden — SBB has signed an agreement with Skellefteå's public housing company Skebo for the acquisition of Skebo's rent regulated residentials and community properties on Morö Backe at an agreed property value of approximately SEK 1.3 billion.

Ilija Batljan on the Major Expansion Targets

Sweden Sweden — SBB’s CEO Ilija Batljan tells Nordic Property News on the successful year of 2020, why Skellefteå is a perfect match for investments, and how much they will grow – thanks to a stronger financial position. “Europe’s strongest rent collection.”

Magnolia Bostad Forms Joint Venture with SBB – Acquires Residential Projects

Sweden Sweden — Magnolia Bostad and Samhällsbyggnadsbolaget i Norden (SBB) are forming a 50/50 Joint Venture (JV) for the development of investment properties. The JV will acquire four projects consisting of around 2,300 residential units from Magnolia Bostad and one project consisting of around 250 residential units from SBB. Magnolia Bostad is also selling two residential care homes located in Nacka and Östersund to SBB.

“There Is a Strong Demand for Rental Apartments”

Sweden Sweden — Last week, SBB acquired 100 percent of the shares in Sveafastigheter Bostad. Its CEO Viktor Mandel tells about the expansion plans, which segment that attracts the most, and the collaboration with Swedish municipalities.

Offentliga Hus Acquires from SBB

Sweden Sweden — SBB has signed an agreement for the sale of the property Södertälje Fjärilen 22 with Offentliga Hus. The transaction is unconditional and takes place through company acquisitions.

SBB Acquires Sveafastigheter Bostad for EUR 269M

Sweden Sweden — Sveafastigheter Bostad becomes part of SBB, contributes 6,000 apartments in Greater Stockholm - SBB also makes a directed new share issue of 44.5 million Class B shares at a price of SEK 31.10.

SBB's Nordic Transaction Path

Nordic — SBB has been among the most transaction intensive companies in the Nordics since the forming in 2016. Nordic Property News looks into SBB’s Nordic development over the years.

SBB Purchases Finnish Healthcare Portfolio for EUR 222 Million

Finland Finland — The portfolio comprises approximately 71,000 sq.m. of lettable area with a rental income of approximately EUR 13.6 million and a net operating income of approximately EUR 13.1 million. The average lease maturity of the portfolio is 7.6 years.

The Largest Ever Healthcare Transaction in Finland: “A Great Combination”

Finland Finland — Jennifer Eloheimo, Investment Director at EQ Care, tells Nordic Property News about the giant divestment to SBB; why it was a perfect match and how to re-invest the capital, going forward.