SBB divests last wholly-owned residential properties

Nordic social housing provider SBB has sold its remaining wholly-owned residential properties, Stockholm Barlasten 6 and 8, to a tenant-owned association for SEK 210 mln (€18.5 mln).

Leiv Synnes

These properties were not part of the ongoing transactions with Sveafastigheter and KlaraBo due to an ongoing conversion process.

The sale provides SBB with immediate liquidity of SEK 180 mln (€15.8 mln), with an additional SEK 30 mln (€2.6 mln) to follow as more tenants become owners.

The properties, with a total lettable area of 5,194 m2, generate an annual net operating income of SEK 5.3 mln (€466,900).

The sale price of SEK 210 mln (€18.5 mln) represents a 2% increase over the latest external valuation.

Leiv Synnes, SBB CEO, said: "Since May 2025, SBB and Sveafastigheter have completed residential sales amounting to SEK 2 bn (€176.2 mln). This shows that there is a strong market for attractive residential assets. The trend is that the market is gradually improving."