Samhällsbyggnadsbolaget i Norden, a residential property managers company, agreed to acquire a 20.08% stake in JM, a property developer, from OBOS BBL, a real estate service provider, for $550m. "SBB’s focus on residentials and elderly care homes as well as new construction of residentials, as the society builder that we are, becomes even stronger through this deal. We are still only at the beginning of SBB’s value creation to its shareholders," Ilija Batljan, SBB Founder and CEO.