Wistrand advises SBB on its aqcuisition of Rättscentrum in Uppsala
Wistrand Advokatbyrå has advised Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) on its largest investment to date in Uppsala.
The acquisition consists of a property centrally located in Uppsala with the Swedish Police Authority, Swedish Prosecution Authority and the Swedish Prison and Probation Service as tenants.
The property Uppsala Svartbäcken 52:9 comprises approximately 23,900 sqm of lettable area and is today fully let. the Swedish Police Authority, Swedish Prosecution Authority and the Swedish Prison and Probation Service have all been tenants at the property since it was built in 2004 and the leases run until 2029. Annual rental income for 2021 amounts to SEK 32.6 million, which is adjusted annually by approximately 4.5 percent given that Stibor 3m is 0 percent.
The seller is SPP and closing took place March 12, 2021.