ARTICLES TAGGED WITH "SBB"

Nordiqus open to new markets

Nordic — SBB's associated company in education, Nordiqus, has added additional properties to its portfolio. CEO Jenny Rehn shares how they view additional transactions and the conditions for entering a completely new market in the future.

Leiv Synnes proposed as new board member of Sveafastigheter

Sweden Sweden — The Nomination Committee for Sveafastigheter proposes the re-election of board members Peter Wågström, Per O. Dahlstedt, Peder Johnson, Sanja Batljan, Christer Nerlich, and Jenny Wärmé, as well as the election of Leiv Synnes. The Nomination Committee also proposes the re-election of Peter Wågström as Chairman of the Board.

SBB focuses on one segment as massive divestments are planned

Sweden Sweden — Debt continues to be a problem for SBB and now CEO Leiv Synnes is presenting the plan for which divestments for EUR 890 million that are on the table.

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

Sweden 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.

SBB and Genova divest building rights to Besqab

Sweden Sweden — SBB and Genova have, through their joint venture, agreed to divest building rights in Nacka Strand of approximately 8,800 square meters of Light Gross Floor Area to Besqab.

SBB dissolves additional joint ventures

Sweden Sweden — During December, SBB acquired its co-owners' 50 percent shareholdings in two joint ventures with Magnolia Bostad and Sveaviken with a total property value of SEK 2,162 million as per the latest external valuation.

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.

The American giant continues to slash its SBB holdings

Sweden Sweden — Dumps shares and recudes its holding by 35 percent during Q3.

SBB divests elderly care properties to Nordisk Renting

Sweden Sweden — SBB has entered into an agreement to divest the properties Västerås Sågklingan 6 and Flen Vävskeden 21 to Nordisk Renting.

SBB and K2A divest remand prison project in Västerås

Sweden Sweden — SBB and K2A have entered into an agreement to divest the properties part of Ångpannan 10, Ångpannan 12 and part of Västerås 1:202 in Västerås to Intea with an estimated exit during the second quarter of 2025.

Price range set for Sveafastigheter's IPO

Sweden Sweden — The price range per share for Sveafastigheter listing on First North is clear. The price range lands at SEK 39.5–45.5 (EUR 3.41–3.92) per share, which corresponds to a valuation of SEK 7.9–9.1 billion (EUR 681–785 million).

SBB takes financial management in-house

Nordic — SBB has decided to bring the financial management of all its Swedish companies in-house, which has previously been outsourced. This strategic decision is expected to generate annual savings of approximately SEK 25 million (EUR 2.2 million), with full effect from 2026.

"We believe in strong real rent development in the coming years"

Sweden Sweden — SBB-owned Sveafastigheter is heading for the stock exchanging and will thereby become the largest listed Swedish residential. Sveafastigheter’s CEO Erik Hävermark tells Nordic Property News what they are looking to achieve through the listing, about the stock market climate and the timing of listing, the growth plans for the company and why Sveafastigheter won’t be distributed to the shareholders of SBB.

Sveafastigheter intends to list on Nasdaq First North Premier Growth Market

Sweden Sweden — SBB's subsidiary Sveafastigheter intends to be listed on the Nasdaq First North Premier Growth Market. Sveafastigheter also aims to change listing venue to the Nasdaq Stockholm Main Market within 18 months

"We shouldn’t count our chickens before they're hatched"

Nordic — During last week, Stockholm Corporate Finance arranged a Property Seminar. Two profiles from the real estate sphere attending was Fastpartner's CEO Sven-Olof Johansson and SBB's chairman of the board Lennart Sten, who in a panel shared their outlook on the market that awaits.

Synnes: "Is there a reason why Akelius and Tollefsen are so rich"

Nordic — In the past few days, Stockholm Corporate Finance has invited to a Property Seminar. Among the large number of companies present was SBB. CEO Leiv Synnes shared both his view of the company's current position and what he sees as the most attractive segment. He took a swing against at the newspapers coverage of the company. “They have nothing to complain about.”

SBB's game plan when the tide turns

Nordic — The liquidity is at stake and the focus of everything SBB has done and continues to do. At the presentation of the second quarter's results, it was clear which path the company has set out and how they continue forward. And it seems that a rerun is the main option.

Nordiqus secures USD 800 million refinancing

Nordic — The SBB associated company in Education, Nordiqus, has refinanced approximately USD 800 million, corresponding to approximately SEK 8.6bn, of its existing bank debt of SEK 16bn with private placement bonds issued directly in SEK and NOK in the US market. The bonds have maturities of 10 to 15 years. This has been made possible by Nordiqus’ financing receiving an investment grade rating based on infrastructure rating methodology.

"I believe in continued JV structures rather than a bid for the entire company"

Sweden Sweden — Yesterday was dividend day in SBB and tomorrow the company has its annual general meeting where, among others, Lennart Sten is expected to be elected as the new chairman of the board. Nordic Property News discusses the situation for the pressured company with Arctic Securities analyst Michael Johansson.

Status of some of the industry's most stressed companies

Sweden Sweden — SBB is being pressured on the stock market, bankruptcy threatened Oscar Properties is getting ready to release its delayed annual report and Kvalitena is continuing with the reconstruction of the company. Nordic Property News goes thru the current situation regarding some of the industry's most pressured players.

SBB extends lease agreement with Hässleholm Municipality

Sweden Sweden — SBB extends lease agreement of 15 years with Hässleholm Municipality.

The splits of SBB Kåpan Bostad and Unobo are completed

Sweden Sweden — SBB announces that the splits of SBB Kåpan Bostad and Unobo are completed.

"Clearly negative that money is being allocated to dividends right now"

Sweden Sweden — Aktiesparna's analyst Robert Andersson lays out what SBB's latest JV means for the company's pressured liquidity – and how the imminent dividend of over SEK two billion goes against the company's endeavor to improve its balance sheet, but must still be carried out.

SBB and Kåpan signs agreement to divide SBB Kåpan Bostad

Sweden Sweden — SBB has agreed with Kåpan Tjänstepension to divide the jointly owned housing company SBB Kåpan Bostad AB, of which the parties each own 50 percent.

SBB establishes new JV with Castlelake which signs new loan agreement

Nordic — SBB establishes a new joint venture with Castlelake which signs a loan agreement of approximately SEK 5.7 billion (EUR 508 million).