Samhällsbyggnadsbolaget iNorden AB (publ) ("SBB") has entered into an agreement to acquire six elderly care homes inGreater Stockholm as well as rental apartments and two nursing homes in Helsingborg to a value of approximatelySEK 2.5bn . The acquisitions comprise a total area of approximately 70,000 sq.m. with a rental value of approximatelySEK 107m generating a net operating income of approximatelySEK 95m . The average term for the elderly care homes is approximately 14.5 years. In addition, SBB has entered into a cooperation agreement with Svenska Stadsbyggen for the construction of six elderly care homes with a total area of approximately 43,000 sq.m. and an annual rental value of approximatelySEK 81.5m , generating a net operating income of approximatelySEK 76m . SBB has also entered into agreements (of approximatelySEK 1.1bn ) and letters of intent (of approximatelySEK 0.6bn ) to sell non-strategic properties for approximatelySEK 1.7bn . The sales amount exceeds the most recent external valuations (as per31 March 2021 ) by approximately 13 percent. "This is the largest elderly care home transaction made in the Nordics. SBB continues to be transaction intensive, where we strengthen our portfolio through the acquisition of elderly care homes with long leases and Swedish rent regulated residentials, and divest non-strategic properties consisting primarily of public office buildings. The transactions once again show the ability ofEurope's strongest real estate team to deliver results from our value-add strategies," saysOscar Lekander , Head of Business Development, Samhällsbyggnadsbolaget iNorden AB . Closing is expected before the end of the second quarter 2021. For further information, please contact:Oscar Lekander , Head of Business Development, Samhällsbyggnadsbolaget iNorden AB , oscar@sbbnorden.se This information is information that Samhällsbyggnadsbolaget iNorden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on12 May 2021 , at07:00 CET . 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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