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ARTICLES TAGGED WITH "Ilija Batljan"

Ilija Batljan elaborates on blockbuster deal with SBB: "Been working day and night"

Nordic — As investment manager at PPI, SBB founder and former CEO Ilija Batljan has worked hard to close the SEK 32 billion deal, and the last two weeks have been particularly intense. He tells this in an interview with Nordic Property News, where he also talks more about the path leading up to the extensive deal, what it means for the companies involved and how offensive the future will be for PPI.

PPI buys health care properties in Helsinki and Turku

Finland — Public Property Invest has agreed to acquire three high-quality care properties with 15 years leases and yearly 100 percent CPI indexed NOI of EUR 1.85 million, one in the Helsinki region and two in the Turku region, for approximately EUR 28 million.

PPI acquires a care property in Helsinki

Finland — Public Property Invest (PPI) has agreed to acquire a high-quality care property in Haaga, Helsinki, for EUR 14.8 million.

PPI acquires nursing homes

Norway — Public Property Invest has acquired a portfolio of seven nursing homes for elderly care for a total value of NOK 410 million, which partially will be settled in cash and partially in shares.

PPI continues its growth in Finland with a sizeable investment in Espoo

Finland — Public Property Invest (PPI) has acquired a life science property under development in Otaniemi university campus area in Espoo. The property will be completed by the end of 2026 and will be mostly new-built and partly fully renovated according to modern standards and high ESG targets. The total lettable area will be approximately 15,700 sqm and it is fully pre-let to Relex Solutions and HOK-Elanto on long-term lease agreements with an average unexpired lease term of over 10 years.

PPI acquires two properties from Carucel Eiendom

Norway — Public Property Invest has acquired two property companies for a property value of NOK 223.5 million from Carucel Eiendom. The properties have a total size of approximately 7,050 sqm and are located in Oslo and Hurdal/Eidsvoll. They are fully let to Recovery Bo & Omsorg and Stendi which provide assisted living services in the field of substance abuse, mental health and physical disabilities. Annual rental income is NOK 16.6 million and the lease contracts are close to triple net, with an unexpired lease term of 16 years.

Synnes on the crisis: "The debts were not a huge problem for SBB"

Sweden — SBB is up to 80 percent done with reversing the company's setbacks. This is according to CEO Leiv Synnes when he participated in Nordic Property News event Public Properties Day. According to him, there were two important reasons why there were not really any major problems for the company.

PPI makes Bergen acquisition

Norway — Public Property Invest (PPI) has signed an agreement to acquire the Njord Syndicate Bergen Kommunebygg AS which owns the property Damsgårdsveien 106 in Bergen.

PPI makes its first acquisition in Finland

Finland — Public Property Invest has signed an agreement to acquire two adjacent elementary school properties for EUR 37.1 million. The properties are located in the city of Espoo, a part of the Helsinki metropolitan area.

PPI makes acquisition in Sweden

Nordic — PPI acquires pre-school in Trelleborg from Acrinova and signs a triple net lease with Municipality of Trelleborg.

André Gaden replaces Ilija Batljan as CEO of PPI

Norway — The Board of Public Property Invest has appointed André Gaden as the new CEO of PPI. He is today the COO of PPI. The Board has also appointed Ilija Batljan as new CIO of PPI. Batljan has served as interim CEO since the IPO in April 2024.

Listing day for SBB's spin-off PPI: "The price for current shareholders will be high"

Norway — SBB's spin-off Public Property Invest (PPI) has now been listed on the Oslo Stock Exchange with the starting price set at NOK 14.50. The deal is worth a total of NOK 1,750 million and the company will initially get SBB's former CEO Ilija Batljan as CEO. Nordic Property News has spoken to savings economist and investment platform Levler's founder Joakim Bornold about why SBB is carrying out the special listing and what it means for the respective futures of both struggling companies.

SBB's associated company PPI announces Intention to Float on the Oslo Stock Exchange

Norway — SBB-owned Public Property Invest (PPI) announces its intention to launch an initial public offering of new shares and apply for a listing on the Oslo Stock Exchange.

Roger Akelius: "Leiv is needed at SBB"

Sweden — For Nordic Property News, Akelius founder Roger Akelius comments on Friday's big bombshell in the real estate industry – that Ilija Batljan is resigning as CEO of SBB and will be replaced by Akelius CFO and Vice President Leiv Synnes.

Leiv Synnes replaces Ilija Batljan as CEO of SBB

Nordic — SBB replaces Ilija Batljan as CEO. Leiv Synnes, current CFO and Deputy CEO at Akelius, takes the helm at the company.

SBB Sells Shares in JM for SEK 2.8 billion

Sweden — SBB has sold 19 million shares in JM to Swedish and international investors. The transaction represents approximately 29.5 percent of the outstanding shares and votes in JM and was priced at SEK 148.10 per share, resulting in a total purchase price of approximately SEK 2.8 billion. The price per share corresponds to the closing share price in JM on Nasdaq Stockholm on 11 May 2023.

"The Worst Thing that Could Happen to Ilija Batljan"

Sweden — SBB's B-share had its worst day ever on the stock exchange and dropped more than 24 percent on Tuesday, a further deterioration after Monday's loss of just over 20 percent. The collapse in SBB also dragged the entire real estate sector with it, which fell by more than 4.5 percent. Aktiesparna's general counsel Sverre Linton tells Nordic Property News that SBB is an incredibly pressured company that now needs to find convincing solutions to resolve its refinancing. He also gives his view on Ilija Batljan's future in the company.

SBB Slaughtered on the Stock Market after Downgrade

Sweden — SBB's B share fell almost 20 percent on Monday, the second worst day for the stock ever, and the D share fell even more by over 26 percent during a blood-red day on the stock market for Ilija Batljan's real estate company. The sharp decline came after credit rating agency S&P downgraded SBB's credit rating to BB+, or "junk status", with a negative outlook. Read SBB's comment on the downgrade and parts of S&P's negative analysis.

The Three Paths' that SSB can Choose for Sveafastigheter

Sweden — At the end of February, SBB announced that it was investigating the possibility of listing the subsidiary Sveafastigheter - during last Friday's presentation of the Q1 report Ilija Batljan announced that there are two further choices the company can take regarding Sveafastigheter's future. SBB's CEO also comments on the continued sales ambition for 2023.

Increased Bonus for Batljan in 2022

Sweden — The CEO of SBB increased his basic salary last year and also received a bonus increase of almost 55 percent compared to 2021.

After the Major Clean-up in 2022 – These Are Batljan's Aims in 2023

Sweden — 2022 was a major clean-up year for SBB – everything was done to achieve a better balance sheet and reduce debt. That job does not end at the beginning of 2023, but Ilija Batljan also approaches the year with the hope of a thawed bond market and a continued collaboration with the Canadian investor Brookfield, which will stimulate growth for both players in Europe in the coming years.

Sleepless Batljan on Target with SBB's Divestment Plan

Sweden — Ilija Batljan has worked almost around the clock to complete the large structural deal with Brookfield that was presented on Wednesday morning. With the sale, which can bring in a total of 10.4 billion SEK to SBB, the company is finished with its divestment plan according to Ilija Batljan. Here he talks more about the big agreement and the effect it has on SBB's finances going forward.

Kåpan Exercises its Option and Buys SBB's Share in Svenska Myndighetsbyggnader

Sweden — Kåpan Pensioner today exercises its option and buys SBB's share in Svenska Myndighetsbyggnader AB and thereby becomes 100 percent owner of the company on 21 November 2022. In connection with the acquisition, Svenska Myndighetsbyggnader changes its name to Kåpan Fastigheter AB.

Ylva Sarby Westman Appointed CEO of SBB’s Subsidiary Amasten

Sweden — The Board of Samhällsbyggnadsbolaget i Norden’s subsidiary, Amasten Fastighets AB, has appointed Ylva Sarby Westman as CEO and she takes up her position effective immediately.

SBB Expecting Major Influx of Capital in Q4

Nordic — SBB is in the final sprint with regard to the divestment of the nine billion portfolio for which it signed a letter of intent at the beginning of September. In addition, additional sales of just over SEK 4.5 billion will be completed during the last quarter of the year, according to CEO Ilija Batljan. The SBB CEO comments on the significance of the large capital injection and how the company will continue to act in the market going forward.