SBB divests elderly care property to Northern Horizon

Leiv Synnes, CEO of SBB.

Image: SBB

SBB divests elderly care property to Northern Horizon

Sweden — Samhällsbyggnadsbolaget i Norden, together with Humana, has entered into an agreement with Northern Horizon Capital to divest a jointly owned elderly care property in Strängnäs, in which SBB owned 50 percent. The preliminary purchase price amounts to SEK 237 million, and the transaction is expected to be completed in June 2026.

2026-05-22

The property was completed in spring 2025 and comprises 100 apartments. The property was developed and constructed during the years 2022 to 2025 in partnership between SBB and Humana.

The transaction is in line with SBB’s strategy of continuously optimizing its portfolio, divesting non-core holdings, and releasing capital.

“This is a property to be proud of. An excellent example of value creation by our team at SBB Utveckling,” says Leiv Synnes, CEO.

The agreed property value amounts to SEK 235.5 million, which is 3 percent below the latest external valuation. The property is unencumbered, and the estimated liquidity to SBB, including distribution of the company’s cash in connection with closing, amounts to SEK 134 million.

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