SBB divests residential properties in Sweden for €108m

Swedish real estate company SBB is selling four newly built residential properties to a North American pension fund for roughly SEK 1.18 bn (€108.3 mln).

SBB HQ

This sale price is slightly below the properties' most recent valuation. 
SBB will use the funds to pay down debt. 
The properties, three in Sollentuna/Nacka and a leasehold in Nacka, total 20,508 m2 of rentable space, generating SEK 65 mln (€5.9 mln) in annual rent. 
The sale, structured as a company transfer, is finalized and expected to close in June. 
Krister Karlsson, COO and deputy CEO of SBB, commented: "SBB developed the properties together with Magnolia until December 2024, when SBB acquired Magnolia's share. The deal is a very good example of how SBB creates value through active property development and is fully in line with our strategy of divesting non-strategic assets. SBB demonstrates its ability to identify profitable projects, carry out development work, and realize profits on invested capital."