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    23 Mar 2017

    Wistrand advises SBB on its acquisition of DNB Bank’s headquarters in Oslo

    Wistrand has advised Samhällsbyggnadsbolaget (SBB) in connection with the acquisition of DNB Bank’s headquarters in Oslo for a total of SEK 4.5 billion. Seller is Meteva AS.

     

    The office building have a total lettable area of 49,000 sqm and total rental income of about SEK 187 million (NOK 180 million). Tenant is DNB Bank ASA, which is Norway's largest bank and one of the largest financial services groups in the Nordic region. The remaining lease term is of 10.3 years.

     

    The acquisition is financed through a combination of debt and equity. Effnetplattformen (under name change to Samhällsbyggnadsbolaget i Norden AB following SBB’s reversed acquisition of the company in December 2016) has resolved upon a directed share issue to the seller Meteva AS.

     

    Furthermore, a directed issue of preference shares to investors in the acquiring Norwegian subsidiary.

     

    Advokatfirmaet Selmer DA acted as SBB’s Norwegian legal counsel.

     

    For further information:
    Fredrik Råsberg, Managing Partner
    Email: fredrik.rasberg@wistrand.se
    Direct: +46 8 50 72 00 47
    Mobile: +46 709 50 72 47

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