Samhällsbyggnadsbolaget iNorden AB (publ) ("SBB") is currently completing on an elderly care home in Ängelholm and recently commenced building an elderly care home in Östersund. Concurrently, SBB is investing in a new school and preschool in Haninge, where Haninge municipality is the tenant. In addition, new construction of elderly care homes in Borlänge andGothenburg are already underway. All projects, with a rental value of approximatelySEK 94m , will be completed and the tenants will have moved in during the coming 18-month period. Municipal tenants account for just over 87 percent of the total rental value. At the end of the second quarter 2021 already, two projects will have been completed that generate the equivalent ofSEK 40m in rental value. "We are strengthening our position as the Nordic region's leading property owner of elderly care homes and schools. With these new lease agreements, we passSEK 1.2bn in annual income from elderly care homes and LSS. Our large building rights portfolio creates further opportunities for us to achieve the goal of doubling rental income from elderly care homes and LSS toSEK 1.6bn in 2025", saysOscar Lekander , Head of Business Development, Samhällsbyggnadsbolaget iNorden AB . For further information, please contact:Oscar Lekander , Head of Business Development, Samhällsbyggnadsbolaget iNorden AB , oscar@sbbnorden.se Samhällsbyggnadsbolaget iNorden 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 inSweden , 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.
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