HPP advised SBB in a sale and leaseback transaction consisting of 30 social infrastructure properties

HPP assisted Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”), a Nasdaq listed real property investor specialized in community service properties throughout the Nordic region, in a sale and lease back transaction in which SBB acquired a portfolio of 30 properties in Finland and leased them to the seller. The seller of the portfolio was Humana AB (publ).

The portfolio’s properties contain elderly care homes and group housing for children and youth with special needs. Most of the properties are located around Helsinki and Jyväskylä regions.

The transaction was a part of larger Nordic transaction in which SBB acquired social infrastructure properties in Finland, Sweden and Norway. The value of the whole transaction was approximately EUR 44,4M.

HPP acted as the Finnish legal advisor to SBB in the transaction. HPP advised the client in the planning and other preparatory works for the transaction as well as the transaction negotiations.

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