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ARTICLES TAGGED WITH "SBB"

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.

"SBB becomes more of an investment company with high leverage – involves very high risk"

Sweden — After the extensive deal with PPI, SBB is now starting to look more like an investment company than a property-owning company, Pareto Securities analyst Emil Ekholm tells Nordic Property News. – An investment company with high leverage, which means very high risk.

SBB in major transaction with its interest company PPI

Nordic — SBB has entered into three agreements with Public Property Invest ASA regarding the transfer of SBB’s community portfolio at a value of SEK 32 billion (EUR 2.9 billion).

SBB: "The feeling is that more and more players want to buy properties"

Sweden — The SBB CEO feels that fewer and fewer players want to sell properties to adjust their capital structure and that more instead want to buy properties to increase returns. With falling capital costs, Leiv Synnes believes that there is reason to be more positive than usual regarding the value development of properties, something that would benefit SBB, which needs to continue to sell assets in order to, among other things, reduce their loan-to-value ratio.

Erik Hävermark: “We want to fill our building rights portfolio”

Sweden — As Sveafastigheter now looks ahead, it is in the Stockholm region and certain cities in the Mälardalen that it will focus when it comes to new production and development projects. "We have narrowed down the markets we focus on", says CEO Erik Hävermark to Fastighetssverige.

SBB divests residential portfolio for EUR 108 million

Sweden — Samhällsbyggnadsbolaget i Norden divests newly built residential properties for SEK 1,179 million (EUR 108 million).

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.

SBB CEO: "We have time on our side"

Nordic — Two new companies, a new major owner and steps towards the goal of reducing debt are some of the things that please Leiv Synnes about the first quarter for SBB. In short, it means that the strategy to return the company to financial stability is starting to have an effect.

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.

SBB updates financial and operational targets including dividend policy

Nordic — SBB has decided to update the company's financial and operational targets, including dividend policy.

Sven-Olof Johansson declines re-election in SBB

Sweden — Sven-Olof Johansson has declined re-election to the board of SBB due to other commitments, including but not limited to Fastpartner and PPI.

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

SBB divests elderly care properties to Nordisk Renting

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 — 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 — 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 — 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 — 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