Swedish real estate company SBB sells part of a subsidiary to Morgan Stanley ...

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The Swedish real estate investment firm Samhällsbyggnadsbolaget i Norden AB (SBB) has reached an agreement whereby its newly created subsidiary SBB Residential Property AB will carry out a capital increase in favor of an investment fund managed by Morgan Stanley Real Estate Investing (MSREI).

SBB has reported that it will use the proceeds Cambodia Telegram Number Data from this transaction, which is expected to close in mid-August, to strengthen its financial and liquidity profile.

Pursuant to the agreement, SBB Residential Property AB will issue preferred shares for an amount of 2,360 million Swedish crowns (205 million euros) in favor of MSREI , which after the transaction, will have a minority stake in SBB Residential Property AB.



In this way, SBB will continue to control, operate and consolidate SBB Residential Property AB, which currently comprises rent-regulated residential properties in Sweden with a fair value of approximately 6.2 billion crowns (539 million euros) as of June 30, 2023.

" "The transaction confirms the strong value proposition within our residential portfolio. The capital increase demonstrates the variety of capital options available to SBB, further improves our strategic flexibility and strengthens the financial position of our group," explained the real estate company.

However, despite the uncertainty, from CBRE have stated that there continues to be a great investment appetite for the Spanish logistics market and forecasts point to greater investment activity in the coming months.