SBB to acquire a 62.65% stake in Solon Eiendom for $254m.

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.