Press releases 9 June 2020

Wistrand advises SBB on sale of public office buildings for SEK 1,160m

Wistrand Advokatbyrå has advised Samhällsbyggnadsbolaget i Norden AB (publ) on its sale of a large public office buildings portfolio including properties in Halmstad and Borås.

The total lettable area is 55,300 sq.m. distributed among nine properties in Halmstad (seven properties) and Borås (two properties). The rental income amounts to approximately SEK 73 million. The total agreed property value of SEK 1,160m exceeds the book value in Q1 2020 by 7 per cent and exceeds Hemfosa’s valuation from Q3 2019 by 16 per cent.

The buyer is Offentliga Hus AB.

The transaction is unconditional and completion will take place no later than 30 October 2020.