SBB announces that the split of SBB Kåpan Bostad is completed
On 30 May 2024, it was announced that SBB had reached an agreement with Kåpan Tjänstepension to divide SBB Kåpan Bostad AB and that the split of the housing company Unobo AB, which SBB owned together with Riksbyggen, had been completed. Both transactions have now been completed and SBB has taken over a total of 6,500 apartments spread over 75 properties totalling approximately 428,000 square metres. The properties will become part of Sveafastigheter.
"It is rewarding to build a large Sveafastigheter with leading expertise within management and development of housing. We will increase the efficiency of our operations through synergies, which will lead to higher profitability," says Leiv Synnes, CEO of SBB.
"With its portfolio, Sveafastigheter will be one of Sweden's leading pure-play housing companies. The properties are strategically located with a focus on metropolitan regions and university cities combined with unique expertise in management and development of housing. Sveafastigheter is a unique platform for managing and developing high-quality rental housing in Sweden. If an ownership diversification is done through an IPO, Sveafastigheter will be Sweden's largest pure-play housing company in a listed environment", says Erik Hävermark, CEO of Sveafastigheter.
For further information, please contact:
Helena Lindahl, Treasury Director, [email protected], [email protected]
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.