Announced
Financials
Sources
Tags
Acquisition
Majority
Single Bidder
Cross Border
Real Estate Holding and Development
Norway
Pending
Friendly
real estate development
Public
Synopsis
Samhällsbyggnadsbolaget i Norden, a firm that owns residential and public buildings, agreed to acquire a 62.65% stake in Solon Eiendom, a real estate development firm, for $254m. “Norway and Oslo are a priority for SBB, which we now show when we considerably strengthen our position through the acquisition of Solon. Solon has a strong land bank and the staff at Solon is extremely experienced and skilled. We see great potential for continued growth of the project portfolio, as well as that we now add additional implementation project to our development portfolio which already today is the largest one in the Europe. We will also build to own and see great opportunities to deliver both elderly care homes and apartments for elderly as well as schools and preschools,” Ilija Batljan, SBB CEO and Founder.
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