SSM Will Buy Back Projects from JV Partner

Sweden Sweden — SSM will buy back the Järla Station and Metronomen joint venture projects from Partners Group. The transaction will be carried out during Q2 2021 at the latest and is expected to have a -23.4 MSEK impact on SSM’s cash flow.

The Board of SSM Recommend to Accept Amasten's Public Offer

Sweden Sweden — The independent board members in SSM unanimously recommend the shareholders in SSM to accept the public offer from Amasten.

Benefits of Making SSM and Amasten into One Company

Sweden Sweden — Amasten’s CEO Jan-Erik Höjvall tells Nordic Property News about the public offer to the shareholders in SSM Holding, the future plans of the major residential company, and how Amasten as a company will change after this deal.

SSM Receives a Public Offer from Amasten

Sweden Sweden — Amasten has today announced a public offer to the shareholders in SSM Holding. The offer includes the tendering of all outstanding shares in SSM for a consideration of 1.20 new ordinary shares in Amasten for each existing share in SSM, corresponding to 6 new ordinary shares in Amasten for 5 existing shares in SSM.

SSM and Täby Municipality Agree on Return of Building Rights

Sweden Sweden — SSM Holding has decided to return the Täby Topasen 4 property to the municipality of Täby for commercial reasons. The property was originally intended to house 134 cooperative apartments within the framework of SSM’s Täby Market project.

SBB New Major Owner in SSM

Sweden Sweden — SBB has, via a subsidiary, entered into an agreement with Eurodevelopment AG to acquire 11,600,000 common shares in SSM Holding.

SSM to Sell Tellus Tower to a Related Party

Sweden Sweden — SSM signs letter of intent regarding the sale of Tellus Towers JV-project to a related party.

Amasten Becomes Major Owner in SSM

Sweden Sweden — Amasten has entered into an agreement with Eurodevelopment AG on the acquisition of 11,600,000 ordinary shares in SSM Holding.

Why SSM Changes its Residential Focus

Sweden Sweden — The housing developer SSM’s new CEO Mattias Lundgren on going from condominium apartments to rental projects. “The basic insight is that the core in the company is strong.”

Mattias Lundgren Named President & CEO of SSM

Sweden Sweden — Mattias Lundgren has been recruited as new President & CEO of SSM Holding, a position that he has held on an interim basis since June 2019. Mattias has 20 years of experience in the housing industry among other things as CFO and member of the NCC’s Executive Committee, Head of Global Development at Bonava as well as Head of Bonava’s Swedish operations and interim CFO at the listed property company Eastnine.

SSM Fires CEO Mattias Roos

Sweden Sweden — SSM has made a change of CEO and appointed Mattias Lundgren as interim CEO with immediate effect. At the same time, the current President & CEO Mattias Roos will leave all of his current assignments within the SSM Group. SSM’s Board of Directors has started the process of recruiting a new CEO.

SSM Exits Major Deal

Sweden Sweden — SSM has decided not to continue the process to acquire five industrial properties in Täby, Segeltorp, Sollentuna and Bromsten.

Willhem Purchases for EUR 46M

Sweden Sweden — Willhem is expanding their portfolio in Stockholm by acquiring residential in Täby, Stockholm, from SSM.

SSM Makes EUR 53M Acquisition in Stockholm

Sweden Sweden — SSM is continuing to expand its operations by acquiring another project in Stockholm. The project will be managed in full by the company and SSM intends to develop approximately 260 cooperative apartments. The purchase price is a total of MSEK 500 (EUR 53M).

SSM Acquires Residental Project in Nacka

Sweden Sweden — SSM acquires a new project in Elverkshuset in Nacka. The project aims to develop about 350 apartments through a new joint venture between the property owner Libu Invest and SSM.

SSM Appoints Casper Tamm as Director of Finance

Sweden Sweden — SSM Holding is complementing and strengthening its management team by appointing Casper Tamm as its new Director of Finance.

SSM Strengthens Board of Directors with Experienced Names

Sweden Sweden — SSM has fortified its Board of Directors with a number of well-known and experienced people from the real estate and financial sectors. Bo Andersson, Per Berggren, Sheila Florell, Ulf Sjöstrand and Jonas Wikström were elected as new Board members at an extraordinary general meeting. Ulf Sjöstrand is one of the two founders of the company. Anders Jansson remains as Chairman of the Board. 

New Location for The Tellus Towers

Sweden Sweden — Less than a year ago, the Swedish Armed Forces stopped the planned placement of the Tellus Tower. Stockholm City and the developer SSM now agree on a new placement of the project, which might be Northern Europe’s tallest apartment building.

New Hope for the Tellus Tower in Stockholm

Sweden Sweden — SSM Fastigheter is planning the construction of the 240 storey Tellus Tower at Telefonplan in Stockholm. The Armed Forces have opposed the construction for safety reasons, but a new possibility has emerged.