SBB says deal includes residential properties with SEK973M value

SBB, the Swedish real estate company, has disclosed that its recent agreement to sell its community property portfolio includes residential properties valued at SEK973 million. The transaction, which involves the sale of three wholly owned subsidiaries collectively known as "SocialCo," encompasses approximately 740 properties across Sweden, Norway, Denmark, and Finland. The total value of the portfolio is estimated at 32 billion Swedish crowns ($3.40 billion), with SBB expecting to receive more than 11 billion Swedish crowns in net cash proceeds. The company plans to use the proceeds to reduce its debt burden and improve its financial stability. The deal is expected to close in the fourth quarter of 2025 or the first quarter of 2026, pending shareholder and regulatory approvals.