ARTICLES TAGGED WITH "PPI"

PPI acquires nursing homes

Norway 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.

Public Property Invest acquires properties in Helsinki

Nordic — Public Property Invest acquires two healthcare properties in Helsinki.

Aker's view on the PPI and SBB investments

Nordic — Following a transaction earlier this week, it is now confirmed that SBB and its associated company PPI will gain a new major shareholder. Atle Kigen, Head of Media Relations and Public Affairs at Aker, tells Nordic Property News about the Norwegian company’s decision to invest in SBB and PPI, the future of PPI following the transaction, and their view on SBB’s position and prospects.

Aker acquires ownership interest in PPI and SBB

Nordic — Aker Property Group, a wholly owned subsidiary of Aker ASA, announces that it has signed agreements to acquire a strategic ownership interest in Public Property Invest and Samhällsbyggnadsbolaget i Norden.

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

Finland 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 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.

PPI makes Bergen acquisition

Norway 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 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.

The challenges for SBB causing CEO Leiv Synnes headache

Nordic — In headwinds and tailwinds, SBB continues to increase stability, reduce debt and raise the property values. When CEO Leiv Synnes presents the results of the year's Q3 report, it is one headache that remains.

PPI makes acquisition in Sweden

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

PPI signs new lease in Kristiansand

Norway Norway — Public Property Invest signs a new ten-year lease contract with the Norwegian Labour and Welfare administration (NAV) in Kristiansand.

André Gaden replaces Ilija Batljan as CEO of PPI

Norway 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 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 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.

SBB's PPI investigates the possibility of an IPO and listing on the Oslo Stock Exchange

Norway Norway — Samhällsbyggnadsbolaget i Norden's associated company Public Property Invest prepares for a possible initial public offering and listing on the Oslo Stock Exchange.

SBB Sells Properties in Norway, Finland and Sweden

Nordic — Samhällsbyggnadsbolaget i Norden is selling seven properties in Norway, Finland and Sweden for an agreed property value of SEK 2,500m.