Press releases 3 July 2018

Wistrand assists SBB in the formation of Studentbostäder i Sverige

Wistrand has assisted Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) in connection with the joint formation by Amasten, Offentliga Hus (50 per cent owned by Fastator) and SBB of Studentbostäder i Sverige AB, which exclusively shall focus on student housing.

In connection with the formation, the three main owners have sold their respective student housing properties to the new company, whereafter its portfolio consists of 21 properties which together comprises approx. 49,000 sqm and are valued at approx. SEK 900 million.

The ambition of Studentbostäder i Sveriges is to take a hollistic approach to student housing across Sweden, and to streamline the operation of the housing type through digitalization.

Offentliga Hus will be the largest shareholder with 45.77 per cent, Amasten owns 28.17 per cent and SBB owns 21.69 per cent. The remaining approx. 4.38 per cent of the shares are held by other owners.

Closing is contemplated to take place at the turn of the month August/September.

For further information:
Fredrik Råsberg, Managing Partner
D: +46 8 50 72 00 47
M: +46 709 50 72 47
E: fredrik.rasberg@wistrand.se